Property OwnershipIntermediateAlaska Exam

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 noticeCorrect
CA lease that cannot be terminated without a court order, according to common practice
DOwnership shared equally between two parties

Why An arrangement that may be terminated by either party at any time with proper notice Is Correct

Answer B: An arrangement that may be terminated by either party at any time with proper notice

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.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

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