Property OwnershipQuestion 17 of 120
A commercial tenant signs a lease with a definite beginning and ending date. The tenant holds an:
a.Estate at will
b.Estate at sufferance
c.Estate for years
d.Periodic tenancy
Explanation
An estate for years is a leasehold with a fixed, definite duration that ends automatically on the stated date without notice. Despite its name, it can last any set period, not necessarily years. A periodic tenancy, by contrast, renews automatically until proper notice is given.
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