Study for the Burk Baker National Test. Use flashcards and multiple choice questions with hints and explanations to prepare effectively. Get ready for your exam!

Multiple Choice

A leasehold that runs indefinitely (no time length) is called what?

A leasehold with no fixed end date is tenancy at will. In this setup, the occupier has permission to stay only as long as the owner allows, and there isn’t a set expiration date. Either party can end the arrangement, usually with some reasonable notice required by law or by the terms of the agreement. This contrasts with a tenancy for years, which has a definite start and end date; and with a periodic tenancy, which continues for successive periods (like month-to-month) but still has a defined rent period and requires notice to terminate. A tenancy at sufferance, on the other hand, is when someone stays beyond a lawful tenant’s term without the landlord’s consent. So the indefinite, no-time-length lease fits tenancy at will.

A leasehold with no fixed end date is tenancy at will. In this setup, the occupier has permission to stay only as long as the owner allows, and there isn’t a set expiration date. Either party can end the arrangement, usually with some reasonable notice required by law or by the terms of the agreement. This contrasts with a tenancy for years, which has a definite start and end date; and with a periodic tenancy, which continues for successive periods (like month-to-month) but still has a defined rent period and requires notice to terminate. A tenancy at sufferance, on the other hand, is when someone stays beyond a lawful tenant’s term without the landlord’s consent. So the indefinite, no-time-length lease fits tenancy at will.