Joe has a lease that specifies rent and other requirements, but it does not have an expiration date or renewal cycle. What kind of leasehold estate is it?

Question

Social Studies

Evelin Hammond

16 July, 02:46

Joe has a lease that specifies rent and other requirements, but it does not have an expiration date or renewal cycle. What kind of leasehold estate is it?

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Answers (1)

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Paulina Stafford · Answer 1

estate from period to period

Explanation:

estate from period to period

In this type of leasehold estate, no specific period of the agreement is drawn. it draws the agreement for an indefinite period of time. that means this type of leasehold estate does not consist of any pre-defined expiration date. it generally made to run an agreement for a definite time like for 6 months or for a year.