Asked by
Jeffrey Shermak
on Nov 28, 2024
Verified
Sergio rents an apartment from Taylor for a stated period of one year. The lease does not include a provision for renewal or extension. At the end of the lease term, possession of the apartment most likely
A) remains with Sergio absent notice by the tenant.
B) remains with Sergio until notice by Taylor.
C) remains with Sergio under an implied renewal or extension provision.
D) returns to Taylor.
Implied Renewal
Suggests the automatic extension of a contract based on certain actions or the lack of termination notice by any party involved.
Lease Term
The duration for which a lease agreement is effective, typically specified in months or years.
- Examine the legal consequences of property interest assignments and lease arrangements.
- Differentiate between various tenancy agreements and their legal standings.
Verified Answer
ZG
Learning Objectives
- Examine the legal consequences of property interest assignments and lease arrangements.
- Differentiate between various tenancy agreements and their legal standings.