Kelly leases an office from Local Property Company (LPC) for a four-year term with the rent payable monthly. At the end of the term, Kelly retains possession of the office with LPC's consent and continues to pay monthly rent. This new arrangement is

Question

Quizplus · Accepted Answer

When Kelly retains possession of the office with LPC's consent and continues to pay rent monthly after the original lease term ends, it creates a periodic tenancy, typically month-to-month, as the rent is paid monthly.

Kelly Leases an Office from Local Property Company (LPC) for a Four-Year