Property Management
A lease that automatically renews unless notice is given is called a:
AHoldover tenancy
BMonth-to-month tenancy
CAutomatic renewal lease✓ Correct
DTenancy at will
Explanation
A lease with an automatic renewal provision continues for successive terms (often one year) unless either party gives advance notice of non-renewal within the specified notice period. Illinois requires that automatic renewal provisions in leases be disclosed prominently to the tenant to be enforceable.
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