Property Ownership
In New York, a 'periodic tenancy' (e.g., month-to-month) is created when:
AA lease expires and the tenant continues in possession with the landlord's consent✓ Correct
BThe tenant stops paying rent
CThe property is subject to rent stabilization
DA foreclosure proceeding begins
Explanation
A periodic tenancy (holdover tenancy converted to month-to-month) is created when a tenant remains in possession after the lease expires and the landlord accepts continued rent payments, implicitly agreeing to an ongoing month-to-month arrangement.
People Also Study
Related New York Questions
- In New York, a landlord must provide written notice before raising a month-to-month residential tenant's rent. What is the required notice period for a tenant who has lived in the unit for more than 2 years?Property Management
- In New York, a 'holdover tenant' who remains after lease expiration in a commercial property may face:Property Management
- Under New York law, the maximum notice period a month-to-month tenant must receive to terminate a tenancy after residing in a unit for more than 2 years is:Property Management
- In New York, a commercial lease that requires the tenant to pay a base rent plus a share of operating expenses, taxes, and insurance is called a:Property Management
- In New York, a 'holdover clause' in a residential lease typically converts the tenancy to:Contracts
- A tenant in New York City with a disability requests permission to install grab bars in the bathroom of a rental apartment. The landlord must:Fair Housing
- A New York landlord who refuses to rent to a family because they have young children is violating which protected class under the Fair Housing Act?Fair Housing
- In New York, a 'co-tenancy clause' in a commercial lease allows a tenant to:Property Ownership
Key Terms to Know
Amortization
The gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
Study This Topic
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →