Brick & Mortar Stores Inc. signs a lease for a storefront owned by Commercial Properties Inc. The lease does not specify how long it is to last but does specify that rent is to be paid at certain intervals. This is

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A periodic tenancy is established when a lease agreement specifies intervals at which rent is to be paid but does not define a specific duration for the lease. This type of tenancy continues for the specified rental period (e.g., month-to-month, year-to-year) until either party decides to terminate the agreement, as opposed to a fixed-term tenancy which has a definite end date.