Any lease that specifies a term,but states that payments are to be made at periodic intervals,is periodic tenancy.

Name: Any lease that specifies a term,but states that payments are to be made at periodic intervals,is periodic tenancy.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

A lease that specifies a term with periodic payments is typically a fixed-term lease, not a periodic tenancy. A periodic tenancy automatically renews at the end of each period unless terminated by either party.

Any Lease That Specifies a Term,but States That Payments Are