Which tenancy is characterized as automatically terminating at a specified end date?

Study for the Colorado State Real Estate Exam. Prepare with flashcards and multiple choice questions, complete with hints and explanations. Ace your exam with confidence!

Multiple Choice

Which tenancy is characterized as automatically terminating at a specified end date?

Explanation:
The tenancy characterized as automatically terminating at a specified end date is known as a tenancy for years. This type of lease agreement has a defined beginning and end, with a fixed duration, which can range from days to many years. Because the end date is predetermined and explicitly stated in the lease, the tenancy automatically expires without the need for notice from either party. In contrast, a tenancy at will does not have a specified end date and may continue until either party decides to terminate the arrangement. Similarly, a tenancy from period to period, such as a month-to-month lease, renews automatically at the end of each term unless proper notice is given by one party to end it. A tenancy at sufferance occurs when a tenant remains in possession of a property after the lease has expired, but it is not a formal tenancy as it lacks a legal agreement.

The tenancy characterized as automatically terminating at a specified end date is known as a tenancy for years. This type of lease agreement has a defined beginning and end, with a fixed duration, which can range from days to many years. Because the end date is predetermined and explicitly stated in the lease, the tenancy automatically expires without the need for notice from either party.

In contrast, a tenancy at will does not have a specified end date and may continue until either party decides to terminate the arrangement. Similarly, a tenancy from period to period, such as a month-to-month lease, renews automatically at the end of each term unless proper notice is given by one party to end it. A tenancy at sufferance occurs when a tenant remains in possession of a property after the lease has expired, but it is not a formal tenancy as it lacks a legal agreement.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy