Humber/Ontario Real Estate Course 2 Exam Practice

Which type of tenancy is based on a fixed period, often month to month?

1. Estate at Will

2. Fixed Term Tenancy

3. Periodic Tenancy

4. Tenancy at Sufferance

The correct answer is: Periodic Tenancy

A periodic tenancy is based on a fixed period, often month to month. During a periodic tenancy, the lease automatically renews at the end of each period until either the landlord or tenant gives proper notice to terminate the tenancy. Estate at Will refers to a tenancy that can be terminated at the will of either the landlord or tenant. Fixed Term Tenancy involves a lease for a specific period of time with a defined end date. Tenancy at Sufferance occurs when a tenant wrongfully remains in possession of a property after the lease has ended.