Periodic tenancy
National Real Estate Exam glossary · Leasing/Management
Definition
A leasehold estate (estate from period to period) that continues for successive intervals — month to month or year to year — until either party gives proper notice to terminate. Unlike an estate for years, it renews automatically absent notice.
Periodic tenancy in plain English
A periodic tenancy is a rental that renews itself over and over — most commonly month to month — instead of ending on a fixed date. Each period automatically rolls into the next unless the landlord or tenant gives proper advance notice to stop it. Compare that to an "estate for years," which is a lease with a hard end date (like exactly one year) that just expires on its own. Think of a monthly gym membership that keeps auto-renewing until someone officially cancels — that steady, self-continuing rhythm is what makes it "periodic."
Practice Periodic tenancy
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