Property Management
A lease that automatically renews for the same term at the end of each period unless either party provides advance notice of termination is called a:
ATenancy at sufferance
BPeriodic tenancy✓ Correct
CTenancy at will
DTerm tenancy
Explanation
A periodic tenancy (such as month-to-month or year-to-year) automatically renews for the same period at the end of each term unless either party provides proper advance notice of termination. The most common is the month-to-month tenancy.
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