Question

An estate at will

a. cannot be terminated.
b. is terminated only if so stated in the lessee's last will and testament.
c. terminates on the death of lessor or lessee.
d. terminates on the date specified in the lease agreement.

Answer 1

An estate at will terminate on the death of the lessor or lessee, as it is not dependent on a specified termination date in the lease agreement.

Step-by-step explanation:

An estate at will is a type of leasehold estate that exists at the will of the parties, typically without fixed terms. Referring to the options provided, the correct statement pertaining to an estate at will is that it terminates on the death of the lessor or lessee. This is because an estate at will does not require notice to terminate and can end with the death of either party or by either party's choice to end the lease agreement. In contrast, lease agreements with a specified termination date or renewed on a month-to-month basis will have different conditions for termination as outlined in the agreement.