A "Lease" is a precise type of apartment agreement. A hire is a tenancy for a specific length of time with a specific commencing date and a particular quit date. A rent can be for any duration of time that you can assume of . . . 10 years, 5 years, 1 year, 6 months, three months, 1 month, or even for 1 week.
Periodic estate. An property for years except a termination date becomes a periodic estate.
A leasehold estate for years is once in a while called a fixed-term tenancy. This means that the written rent agreement is solely for actual property and lists the commencing and ending dates. With this leasehold agreement, the contract may ultimate for one week or a year but is actually a constant period.
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