What type of tenancy is defined by a fixed period of time, such as starts in June and ends in December?

Study for the Rockwell Fundamentals Test. Utilize flashcards and multiple-choice questions with explanations. Be fully prepared for your exam experience!

The definition of a tenancy that is characterized by a fixed period of time is known as a term tenancy. This type of arrangement is established with specific starting and ending dates, making the terms of the tenancy clear and definite. For example, if a lease agreement specifies that it begins in June and concludes in December, it directly falls under the category of a term tenancy. This clarity provides both the landlord and tenant with an understanding of the duration of the lease, ensuring that both parties have agreed to the temporal limits of their arrangement.

Other types of tenancy, such as periodic tenancy, tenancy at sufferance, and tenancy at will, do not adhere to fixed timeframes like term tenancy. Periodic tenancy, for instance, automatically renews at specific intervals (such as weekly or monthly), rather than having a set conclusion date. Meanwhile, tenancy at will involves an agreement that can be terminated at any time by either party and lacks a defined end date. Tenancy at sufferance occurs when a tenant remains on the property after their lease has expired, without permission from the landlord, rather than being tied to a fixed term. This distinction makes term tenancy the most appropriate answer for a tenancy defined by a fixed period.

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