Property Management
A New Mexico landlord who accepts rent from a holdover tenant after lease expiration has likely created a:
ANew 12-month lease
BMonth-to-month periodic tenancy✓ Correct
CTenancy at sufferance only
DNew written lease
Explanation
When a landlord accepts rent from a holdover tenant, this typically creates a month-to-month (or period-to-period) tenancy on the same terms as the expired lease. Acceptance of rent constitutes implied consent.
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