Question

Unlike the estate for years, the lease for an estate from period-to-period is automatically renewed for a term equal to the original term of the lease, unless proper notice of termination is given by either the landlord or tenant.

A.True.
B.False.

Answer 1

The statement about the estate from period-to-period being automatically renewed is true. It is critical to understand the termination clause and notice requirements in lease agreements. Without proper notice from either party, the lease renews automatically for an equivalent duration as the original term.

Step-by-step explanation:

The statement is true. An estate from period-to-period, also known as a periodic tenancy, does automatically renew for a term equal to the original lease term unless proper notice of termination is given by either the landlord or the tenant. These arrangements are common for month-to-month tenancies where either party can end the lease by giving a 30-day notice or the notice period defined by law.

Termination clauses in a lease agreement define how the lease can be properly ended. Lease agreements will typically outline the requirements for notice of intent to terminate, including how long before the lease ends notice must be given and in what form (e.g., written notice).

In cases of possession where either party cannot fulfill their agreement at the start of the lease, the agreement may be terminated by either party, and any paid sums would be refunded in full.