A lease need not specify a length of validity as it is assumed to remain in effect as long as a tenant is able to pay for it.

Name: A lease need not specify a length of validity as it is assumed to remain in effect as long as a tenant is able to pay for it.
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A lease must specify a length of validity or term, outlining the start and end dates of the lease agreement. Without a specified term, the agreement may be seen as a month-to-month lease, which carries different legal implications and requirements.

A Lease Need Not Specify a Length of Validity as It