Property Management
When a West Virginia tenant holds over after their lease expires without the landlord's permission, the tenancy becomes:
AA month-to-month tenancy automatically
BA tenancy at sufferance (holdover tenancy)✓ Correct
CA life estate
DA fee simple estate
Explanation
When a tenant remains in possession after the lease expires without the landlord's consent, a tenancy at sufferance (holdover tenancy) is created. The landlord may either evict the tenant or accept rent to create a periodic tenancy.
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Key Terms to Know
Fee Simple
The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
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