NCh2 Types Of Leasehold Estates

Question 1

This lease has a specific STARTING and ENDING date. The lease survives death, and or the sale of the property. No notice is required to terminate.

Answer 1

Estate for years

Question 2

This lease has a fixed PERIOD that is automatically renewed unless the tenant or landlord asked to terminated. A month to month lease is this type. Notice to terminate is usually required, typically 30 day notice.

Answer 2

Periodic tenancy

Question 3

This lease can be terminated by either party AT WILL without notice

Answer 3

Estate at will

Question 4

This occurs when a lease expires, and the tenant refuses to move out, and the landlord is not receiving rent

Answer 4

Tenancy at sufferance