Final answer:
An estate (tenancy) from period to period, or periodic tenancy, refers to a lease agreement that renews automatically for consecutive periods until notice of termination is given by either the tenant or the landlord. It is a flexible arrangement that often requires a standard notice period, such as 30 days, to end the lease.
Step-by-step explanation:
An estate (tenancy) from period to period, also known as a periodic tenancy, is a lease agreement that continues for successive periods until either the landlord or the tenant gives notice to terminate it. Typically, this kind of lease rolls over automatically, commonly seen as month-to-month or year-to-year.
Upon the termination of the lease, it may be ended by either party providing typically a 30-day written notice, although this can vary based on jurisdiction. These tenancies offer flexibility to both the tenant and landlord but also require formal notice to end the arrangement.
In history, such as during the Heian period in Japan, estate systems allowed for parcels of land cultivated by farmers to be managed in a way where harvests were paid as rent to estate owners, which was fundamentally different from the main tax system of the time.