Kelly leases an office from Land & Building Company (LBC) for a four-year term with the rent payable monthly. At the end of the term, Kelly retains possession of the office with LBC's consent and continues to pay monthly rent. This is
A) a periodic tenancy.
B) a tenancy at sufferance.
C) a tenancy at will.
D) a fixed-term tenancy.

Question

Kelly leases an office from Land & Building Company (LBC) for a four-year term with the rent payable monthly. At the end of the term, Kelly retains possession of the office with LBC's consent and continues to pay monthly rent. This is​
A) ​a periodic tenancy.
B) ​a tenancy at sufferance.
C) ​a tenancy at will.
D) ​a fixed-term tenancy.

Quizplus · Accepted Answer

A periodic tenancy is created when a tenant remains in possession of a property after the end of a fixed-term tenancy, with the landlord's permission, and continues to pay rent on a periodic basis (e.g. monthly). This type of tenancy continues until it is terminated by either party giving notice to the other. Therefore, in this case, Kelly has created a periodic tenancy with LBC by continuing to pay rent and occupy the office with their consent.

Kelly Leases an Office from Land & Building Company (LBC)