Which term refers to a tenancy with specific start and end dates?

Prepare for the Colibri Real Estate Exam. Study with flashcards and multiple-choice questions, each with detailed hints and explanations. Get ready for your exam!

A tenancy with specific start and end dates is known as a tenancy for years. This type of arrangement provides both parties with clear expectations regarding the duration of the rental agreement. Unlike other types of tenancies, which may be indefinite or subject to renewal or termination on a periodic basis, a tenancy for years is characterized by a fixed term established in the lease agreement. This term can be any length, but it must have defined start and end dates, ensuring both the landlord and tenant understand their rights and responsibilities within that specific period.

In contrast, a tenancy at will is more informal and can be terminated at any time by either party, and a periodic tenancy renews automatically at the end of each period unless one party provides notice to terminate. A month-to-month tenancy is a common form of periodic tenancy that allows for flexibility, typically renewing each month, but it also does not have a fixed term like a tenancy for years.

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