Illustrate the types of Tenancies
Illustrate the types of Tenancies?
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1. Fixed-term tenancy: The lease is set for a specified time period, with no renewal rights or options.
2. Periodic tenancy: The lease is for a set period of time but renews automatically at the end of the term until one of the parties provides notice of termination.
3. Tenancy at will: There is no set term, and either party can terminate the lease at any time.
4.Tenancy at sufferance: The tenant continues to possess the premises at the end of a fixed-term tenancy without the landlord’s permission.
A lease of three years or longer duration must be in writing to be enforceable, by virtue of the Statute of Frauds.
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