Freehold

Leasing & Property Management term

Periodic Tenancy

A leasehold that renews automatically at set intervals, such as month-to-month, until either party gives notice.

Why Periodic Tenancy matters on the exam

This term belongs to Leasing & Property Management. The questions below are real items from Freehold's bank that use it - each one cites its source.

Exam questions using Periodic Tenancy

Every Freehold question shows why the right answer is right — and cites its source.

A month-to-month tenancy that automatically renews at the end of each rental period until either party gives proper notice to terminate is known as a:

  1. Estate for years
  2. Periodic tenancy
  3. Tenancy at will
  4. Tenancy at sufferance
Show answer & explanation

Periodic tenancy — A periodic tenancy has no fixed ending date and automatically renews for successive periods, such as month to month, until either party gives the legally required notice to terminate.

Source: PSI National Real Estate Exam Content Outline §8 Leasing & Property Management

A tenant occupies a property with the landlord's permission but without a written lease or a set rent-payment period, and either party may terminate at any time. This describes a:

  1. Estate for years
  2. Tenancy at sufferance
  3. Tenancy at will
  4. Periodic tenancy
Show answer & explanation

Tenancy at will — A tenancy at will exists when a tenant occupies property with the owner's consent but without a defined term or periodic rent schedule, and either party may end it at any time.

Source: PSI National Real Estate Exam Content Outline §8 Leasing & Property Management

A tenant whose lease has expired but who remains in possession without the landlord's consent, before the landlord elects to treat them as a trespasser or renew the tenancy, holds a:

  1. Periodic tenancy
  2. Estate for years
  3. Tenancy at will
  4. Tenancy at sufferance
Show answer & explanation

Tenancy at sufferance — Tenancy at sufferance arises when a tenant who lawfully took possession stays on after the lease term ends without the landlord's consent, occupying without legal right until the landlord acts.

Source: PSI National Real Estate Exam Content Outline §8 Leasing & Property Management

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