A month-to-month tenancy is an example of a:

Prepare for the Legal Aspects of Real Estate Test. Utilize flashcards and multiple choice questions with hints and explanations. Ace your exam!

A month-to-month tenancy is classified as a periodic tenancy because it automatically renews at the end of each month unless either party provides notice to terminate the agreement. This type of rental agreement does not have a specified end date, which distinguishes it from fixed-term tenancies that have set beginning and ending dates.

In a periodic tenancy, the lease duration is typically defined by the payment intervals, such as week-to-week or month-to-month. Therefore, the characteristics of a month-to-month tenancy align perfectly with the definition of periodic tenancy, where the duration is not fixed but instead continues to renew automatically based on the payment cycle.

Options such as fixed-term tenancy and tenancy at will do not apply here. A fixed-term tenancy has a definite start and end date, while a tenancy at will refers to an arrangement that allows the tenant to occupy the property indefinitely until either party chooses to terminate the tenancy, often without a fixed payment period. Leasehold estate is a broader category that encompasses various types of tenancies, including periodic tenancies, but it does not specifically define the month-to-month structure. Thus, periodic tenancy is the most accurate categorization for a month-to-month tenancy.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy