Ron Has a Two-Year Commercial Lease with Southward Realty Inc

Ron has a two-year commercial lease with Southward Realty Inc. for his insurance business located in Calgary, Alberta. The lease was entered into on July 1 of year 1 and runs until year 3. It is a yearly periodic lease. In October of year 1 Ron decides that he wants to terminate the lease and move to new premises on May 1 of year 2. If there is no termination clause in the lease, when must he give notice of termination?

A) April 1, year 2; the notice must be equal to one tenancy period.
B) May 1, year 2; the notice must be equal to one tenancy period.
C) February 1, year 2; the legislation requires notice of 60 days.
D) February 1, year 2; the rule at common law is notice of 60 days.
E) As there is no termination clause, Ron cannot give notice to terminate the lease.