Definition 'Periodic Tenancy' in real-estate
Periodic Tenancy is occupancy of a real property for a fixed period of time that auto renews.
A good example is a month-to-month lease. Unless specified, the lease continues to auto-renew, but the fixed period is only 1 month at a time.
The opposite of Periodic Tenancy is Estate at Will.
The opposite of Periodic Tenancy is Estate at Will.
No comments:
Post a Comment