What type of tenancy involves a lease for a definite period of time with automatic renewal?

A periodic tenancy involves a lease agreement that continues for a specific duration, such as week-to-week or month-to-month, and automatically renews at the end of each period unless either party provides notice to terminate. This creates a stable arrangement where the tenancy can continue indefinitely, provided that the requisite notice requirements are met for either party to end the tenancy.

The nature of periodic tenancy allows for flexibility and adaptability, making it a common choice for residential leases. This type of tenancy is particularly advantageous when the duration of stay is uncertain, as it accommodates both lessors and lessees by providing an easy mechanism for renewal and termination without the need for a new contract each time the period ends.

In contrast, other types of tenancy, such as tenancy at will, do not have a definite term, and either party can terminate at any time with appropriate notice, which does not incorporate the automatic renewal aspect. Tenancy at sufferance typically arises when a tenant remains on the property after the lease has expired without the landlord’s consent, and property management pertains to the oversight of real estate and is not a type of tenancy.