Final answer:
An estate from period-to-period continues as long as the tenant makes regular rent payments and the landlord accepts them, unless a notice of termination is given. Upon termination, the resident must return all property and vacate the premises. Economic factors and rent control measures can influence the maintenance and availability of rental properties.
Step-by-step explanation:
An estate from period-to-period, also known as a periodic tenancy, will continue as long as the tenant makes, and the landlord accepts, regular rent payments. This type of agreement typically proceeds on a month-to-month basis after the expiration of the original lease term, unless a notice of termination is served by either party. Terminations generally require a written notice, usually 30 days in advance, and the reason for termination must often be stated, especially where laws require a 'just cause'. To lawfully conclude the tenancy, the resident must vacate the premises and return all keys and property provided for their use. Failure to properly vacate the premises by the termination date can result in additional rent and damages charged to the resident.
Factors such as the quality of housing and rent control measures like price ceilings can influence the landlord-tenant relationship, potentially affecting maintenance levels and the availability of rental properties. Still, it is essential to note that economic considerations like opportunity cost must be balanced against the resident's housing quality.