Asked by
Ayano Tanaka
on Nov 10, 2024
Verified
A periodic tenancy means
A) a term lease.
B) a lease granting the lessee exclusive possession for one year.
C) a lease created when a tenant is over-holding after the termination date of his lease without the landlord's permission.
D) a lease in which the parties agree to no set termination date but to the rental period being automatically renewed.
E) a tenancy created when an owner of property allows a purchaser to take possession before title transfers to him.
Periodic Tenancy
Automatically renewing tenancy with no specific termination date.
Term Lease
A lease agreement that is set for a specified duration of time, after which it may be renewed or terminated.
Exclusive Possession
A legal term referring to the right of a party to use and control property to the exclusion of others.
- Learn the guiding principles of leases and tenancies, including the unspoken obligations and entitlements of both landlords and tenants.
Verified Answer
FS
Learning Objectives
- Learn the guiding principles of leases and tenancies, including the unspoken obligations and entitlements of both landlords and tenants.