Property Ownership
An Iowa tenant farmer has farmed the same ground for 11 years under a written lease that is renewed annually. After the lease expires and no new lease is signed, the tenant continues to farm. What type of tenancy exists?
ATenancy for years
BTenancy at sufferance
CPeriodic tenancy (year-to-year)✓ Correct
DFee simple ownership
Explanation
When a farm tenant holds over after an annual lease expires and the landlord accepts payment, an implied periodic (year-to-year) tenancy is created that can be terminated with proper notice.
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