BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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periodic tenancy
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tenancy for years
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tenancy at will
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all of these
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Detailed explanation-1: -In the absence of any provision in the lease in regard to notice to terminate a periodic tenancy, the common law required notice six months prior to the end of the period, if the period is from year to year, and notice equal to the length of the period in other instances.
Detailed explanation-2: -You can end your tenancy at any time by giving your landlord notice if you have a periodic tenancy. You’ll have to pay your rent to the end of your notice period. You’ll have a periodic tenancy if: you’ve never had a fixed term and you have a rolling tenancy-for example, it runs from month to month or week to week.
Detailed explanation-3: -A periodic tenancy is the legal name for a rolling tenancy with no fixed end date. An assured shorthold tenancy becomes periodic when a fixed term ends, unless you agree to another fixed term.