A lease stating that rent is to be paid on the first of each month beginning on August 1,2011,but not indicating when the lease ends,would be a:

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Quizplus · Accepted Answer

A lease that requires rent to be paid on a regular basis, such as the first of each month, but does not specify an end date creates a periodic tenancy. This means that the lease continues on a month-to-month basis until either the landlord or tenant gives notice to terminate the tenancy.

A Lease Stating That Rent Is to Be Paid on the First