Question

A family's apartment lease has expired, but their landlord has indicated to them that they may remain on the premises until a sale of the building is closed. They will be charged their normal monthly rental during this period. The right held by the family is called a(n) ___________A) tenancy at will.B) estate at sufferance.C) year to year holdover.D) estate for term.

Answer 1

The correct answer is A) tenancy at will.

Step-by-step explanation:

Tenure at will, also known as equity at will, is a property tenure - without a lease or written agreement - that can be terminated at any time by either the tenant or the owner (owner). It exists without a lease or contract and usually does not specify the duration of a tenant's duration or the exchange of payment. A lease arrangement at will is desirable for tenants and landlords who wish to have the flexibility to change rental situations easily and without breaking a contract.