Most tenancies have a rental term with the most common form being a periodic rental lease
A periodic rental agreement is one in which the lease term runs from week-to-week, month-to-month, or year-to-year.
Four major types of tenancy:
- Fixed-term tenancy
- Periodic tenancy (ex: month-to-month)
- Tenancy at sufferance (holdover)
- Tenancy at will