BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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renews automatically unless one party gives adequate notice of termination.
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Requires each party to set a definite period of time for the tenancy.
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may be terminated by either party at any time with proper notice.
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Allows the tenant to stay on the property for as long as he/she desires regardless of the wishes of the landlord.
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Detailed explanation-1: -A periodic tenancy does not terminate automatically at the end of any particular term, but continues to renew itself until it is terminated at the end of one of the periods by proper notice by either the landlord or tenant.
Detailed explanation-2: -Your tenancy becomes periodic automatically if you stay past the end of the fixed term without a renewal agreement. A joint tenancy becomes periodic if any of the joint tenants stay on, unless there’s a new agreement in place. A periodic tenancy continues on the same terms and you should pay your rent as normal.
Detailed explanation-3: -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-4: -Unless the rental agreement provides a shorter notice period, a California tenant must give their landlord 30 days’ notice to end a month-to-month tenancy.
Detailed explanation-5: -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.