A periodic lease means:
A) a lease in which the parties agree to no set termination date but to the rental period being automatically renewed.
B) a term lease.
C) a lease created when a tenant is over-holding after the termination date of his lease without the landlord's permission.
D) a tenancy created when an owner of property allows a purchaser to take possession before title transfers to him.
E) a lease granting the lessee exclusive possession for one year.
Correct Answer:
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