In 2026, a homeowner allowed her cousin to live in a guesthouse 'for as long as both of us want this arrangement to continue,' with no fixed rent term and no promised duration. What estate was most likely created?
Correct Answer
B) Tenancy at will
A tenancy at will exists when possession continues only so long as landlord and tenant both agree, with no fixed term. The arrangement may generally be ended by either party, which matches the facts here.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The bundle of rights describes the rights associated with property ownership, allowing owners to use, control, enjoy, exclude others from, and dispose of the property.
Community property is a form of ownership recognized in certain states where property acquired during marriage is considered equally owned by both spouses, regardless of who earned the money or whose name is on the title.
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
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- → Wisconsin adopted the Marital Property Act in 1986, creating a system similar to community property. Under this law, property acquired during marriage is generally considered:
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