Leasehold Estates Flashcards
1
Q
What is a term of years?
A
A term of years is a fixed, definite lease term that expires automatically at the end of the period.
2
Q
Is notice required in a term of years?
A
No notice is required in a term of years
3
Q
What are the 4 types of tenancies?
A
Term of years
Periodic Tenancy
Tenancy at will
Tenancy at sufferance
4
Q
What is an example of a term of years?
A
To Bill for 6 years
To Bill from March 2021 to March 2023
