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estate for years (a term of year absolute or tenancy for years)—lease of any length with specific begin and end date; periodic estate (periodic tenancy)—automatically renewing lease (month to month, week to week) estate at will (tenancy at will)—leasehold for no fixed time or period. It lasts as long as both parties desire.
The landlord may also be able to impose a new lease on the holdover tenant. For a residential tenancy, such new tenancy lasts month to month. For a commercial tenancy of more than a year, the new tenancy is year to year; otherwise, the tenancy lasts for the same length of time as the duration under the original lease.
The landlord may also impose a new lease on the holdover tenant. For a residential tenancy, this new tenancy is month to month. For a commercial tenancy of more than a year, the new tenancy is year to year; otherwise it is the same period as the period before the original lease expired.
The 40-year limit was based on the text The Mirror of Justices (book 2, chapter 27). In the law of several US states, a 99-year lease will always be the longest possible contract for realty by statute, but many states have enacted shorter terms and some allow infinite terms. [citation needed]
If a tenant stays beyond the end of a lease for a term of years (one or more), then the parties may agree that the lease will be automatically renewed, or it may simply convert to a tenancy at will (month-to-month) at the pro-rated monthly cost of the previous annual lease. If a tenant at will is given notice to quit the premises, and refuses ...
Clubhouse’s current tenant has been undercharged on rent for the past two years. ... Low-rent deal to lease out Wichita park clubhouse for 10 years becomes bigger scandal | Opinion. Dion Lefler.
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