ContractsIntermediateAlaska Exam

An Alaska landlord who accepts rent after the lease term has expired is creating a:

ANew fixed-term lease automatically
BMonth-to-month (periodic) tenancy by accepting payment for occupancyCorrect
CTenancy at sufferance
DTenancy at will that requires 6 months' notice to terminate, in general

Why Month-to-month (periodic) tenancy by accepting payment for occupancy Is Correct

Answer B: Month-to-month (periodic) tenancy by accepting payment for occupancy

When a landlord accepts rent from a holdover tenant after the lease expires, they typically convert the holdover tenancy to a periodic (usually month-to-month) tenancy. The original lease terms continue to apply except that the duration is month-to-month, terminable with proper notice.

Exam Tip: Contracts

Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.

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