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No fixed period - Regular rent makes PT - Terminated by both?

User Mazeryt
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Final answer:

A fixed period in business refers to the duration of a lease agreement, and regular rent is paid on a recurring basis for using a property. Both the landlord and tenant can terminate the lease by providing a 30-day written notice.

Step-by-step explanation:

In business, a fixed period refers to the duration of a lease agreement. A regular rent is the amount paid on a recurring basis for using a property. When both the landlord and tenant agree to terminate the lease, they can do so by providing a 30-day written notice. This means that after the notice period, the lease agreement will come to an end.

User Michael Gundlach
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