A tenant rents month-to-month with no final expiration date stated, and the tenancy renews each month until proper notice is given. What type of tenancy is this?
Correct Answer
C) Periodic tenancy
Periodic tenancy is correct because the facts match a leasehold that continues from period to period until proper notice of termination is given. That is the best description of the relationship, right, or legal concept tested here.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
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Previous Question
A written apartment lease begins on July 1 and ends on June 30 of the following year with no need for notice to terminate at the end. What leasehold is this?
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An owner lets a friend stay in a cottage with the owner's consent, with no fixed term, no rent due on any regular schedule, and the understanding that either party may end the arrangement at any time. What type of tenancy is this?