leasehold Flashcards
1
Q
Estate for Years
A
“Set End Date”
Lease with a fixed term (e.g., 1-year lease).
2
Q
Periodic Estate
A
“Auto-Renews”
Month-to-month lease, renews unless someone cancels.
3
Q
Estate at Will
A
“Ends Anytime”
No set lease term—either party can end it anytime.
4
Q
Estate at Sufferance
A
“Squatter Mode”
Tenant stays after lease expires, but landlord hasn’t evicted them.