Property Management
A NJ landlord who accepts rent from a holdover tenant after the lease expires creates a:
ATenancy at sufferance
BImplied periodic tenancy (typically month-to-month) on the same terms as the original lease✓ Correct
CAutomatic 1-year lease renewal
DTenancy at will
Explanation
When a landlord accepts rent from a holdover tenant, NJ courts typically imply a periodic tenancy (usually month-to-month) on the same terms as the expired lease, with either party able to terminate on appropriate notice.
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