Property Ownership
In New Mexico, which type of tenancy has no fixed term and can be terminated by either party with proper notice?
ATenancy for years
BPeriodic tenancy
CTenancy at will✓ Correct
DTenancy at sufferance
Explanation
A tenancy at will has no fixed term and no fixed period — it exists as long as both parties agree and can be terminated by either party at any time with proper notice. It is more informal than a periodic tenancy.
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