Property Ownership

In Alaska, a 'tenancy at will' is characterized by:

AA fixed one-year term that renews automatically
BAn arrangement that may be terminated by either party at any time with proper notice✓ Correct
CA lease that cannot be terminated without a court order
DOwnership shared equally between two parties

Explanation

A tenancy at will has no fixed term and can be terminated by either the landlord or tenant at any time, usually with reasonable notice. In Alaska, proper statutory notice (such as 30 days for month-to-month tenancies) is required to terminate.

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