A lease for a three-year term which called for rent to be paid quarterly expired. If at the end of the term, the landlord were to accept another payment of rent, the lease would be:

Name: A lease for a three-year term which called for rent to be paid quarterly expired. If at the end of the term, the landlord were to accept another payment of rent, the lease would be:
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Question

Quizplus · Accepted Answer

The original three year contract is no longer in effect and when the broker accepts additional rent, it creates a periodic tenancy.

A Lease for a Three-Year Term Which Called for Rent