Development Lease Agreement With No End Date
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How to fill out Reasonable Development?
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FAQ
Periodic Tenancy A periodic tenancy is a leasehold agreement that specifies an initial period of tenancy and the length of the agreement but does not end after the specified period. A Periodic tenancy can be for weeks, months, years or more.
A tenancy-at-will is an agreement between a landlord and a tenant without a written agreement. This type of tenancy does not specify its duration or the exchange of payment and can be terminated at any time.
An estate from period to period, or periodic tenancy, is a type of leasehold estate that automatically renews at the end of a specific period of time unless either party gives notice of termination. A tenancy at will is also known as a freehold estate.
A lease is a tenancy for a definite period of time with a specific beginning date and a specific end date. A lease can be for any duration of time that you can think of . . . 10 years, 5 years, 1 year, 6 months, 3 months, 1 month, or even for 1 week.
Estate for years and periodic tenancy are two types of leasehold estates. An estate for years is a lease with a specific beginning and ending date. The lease is for a definite, often extended, period of time, and notice isn't required to vacate, as it's known that the tenant will vacate at the end of the lease.
