Practice & MathQuestion 97 of 100
A lease with a definite beginning and ending date, such as a one-year lease, is an:
a.Estate for years
b.Estate at will
c.Estate at sufferance
d.Periodic estate
Explanation
An estate for years is a leasehold with a fixed, definite term that ends automatically on the stated date without notice. A periodic estate renews for successive periods until proper notice is given. Both are common residential leasing arrangements.
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