Property Management
A lease that automatically renews for successive periods unless either party provides notice to terminate is called a:
ATenancy for years
BTenancy at will
CPeriodic tenancy✓ Correct
DEstate at sufferance
Explanation
A periodic tenancy (such as month-to-month or year-to-year) automatically renews for successive periods unless either party provides proper notice to terminate. The notice period is typically equal to the rental period.
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