Final answer:
The "innkeeper's" exemption pertains to short-term rental arrangements and is characterized by an occupancy not exceeding 120 days, as per option B. It provides flexibility for hospitality services, allowing management of transient guest accommodations without the formal eviction process required in traditional leases.
Step-by-step explanation:
The question concerns the "innkeeper's" exemption, which relates to certain types of short-term rental agreements. These sorts of agreements are typically encountered in the hospitality industry, such as with hotels or guesthouses. The innkeeper's exemption generally allows for the innkeeper to evict guests without a formal eviction notice that would usually be required under landlord-tenant laws. This special provision applies only in specific circumstances and for a limited duration of occupancy.
Considering the provided options, the innkeeper's exemption is characterized by B. a written or oral agreement with the owner involving occupancy not exceeding 120 days. This type of arrangement is distinguished from traditional residential leases, where standard tenant rights and protections apply. The innkeeper's exemption is an important concept for those operating hospitality services as it provides flexibility in managing their property and ensures that they can maintain availability for transient guests.