Respuesta :
Answer:
estate from period to period
Explanation:
estate from period to period
In this type of leasehold estate, no specific period of the agreement is drawn. it draws the agreement for an indefinite period of time. that means this type of leasehold estate does not consist of any pre-defined expiration date. it generally made to run an agreement for a definite time like for 6 months or for a year.
The kind of leasehold that has been demonstrated here would be:
- Estate from period to period (or periodic tenancy).
- "Period Tenancy" is denoted as the type of leasehold estate in which the landlord, as well as, the tenant becomes a part of an agreement without any time limitation or expiration date.
- In this case, the tenancy at the beginning is defined but keeps continuing over time indefinitely.
- Thus, such a lease is characterized as the lease estate called "Estate from period to period."
Learn more about "Renewal Cycle" here:
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