A residential lease expired on August 31, 2026. The landlord allowed the tenant to remain and accepted rent on September 1 and again on October 1, but the parties never signed a new written lease. What estate most likely exists now?
Correct Answer
A) A month-to-month periodic tenancy
When a landlord consents to continued possession and accepts recurring rent after a lease has expired, the holdover often becomes a periodic tenant. The repeated acceptance of rent indicates a continuing tenancy from period to period.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
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