Leaseholds Flashcards
1
Q
Leasehold | Estate for Years
A
specific, stated duration, per lease; expires at end of term
2
Q
Leasehold | Periodic
A
lease term renews automatically upon acceptance of rent; renews indefinitely if landlord accepts rent
3
Q
Estate at Will (Lease)
A
for indefinite period subject to rent payment; cancelable with notice
4
Q
Leasehold | Estate at Sufferance
A
tenancy against landlord’s will and without an agreement
