Kuan-yin rented a commercial property to Roger for one month.Which of the following statements is TRUE?
A) The lease may be for either a fixed term or an indefinite duration.
B) Roger may be liable to pay rent even if the lease did not specify the monthly price.
C) If the lease is a periodic tenancy, it will expire at the end of one month unless either Kuan-yin or Roger provides notice to renew.
D) The parties must set the minimum term of the lease, but they may leave the maximum term open-ended.
E) If the lease is a fixed-term tenancy, it will automatically be renewed at the end of one month unless either Kuan-yin or Roger provides notice to quit.
Correct Answer:
Verified
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