Any lease for a stated period,irrespective of its duration,is called a periodic tenancy.

Name: Any lease for a stated period,irrespective of its duration,is called a periodic tenancy.
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A periodic tenancy is one that automatically renews for successive periods (e.g., month-to-month, year-to-year) until either party terminates it, as opposed to a lease for a stated, fixed period which does not automatically renew.

Any Lease for a Stated Period,irrespective of Its Duration,is Called