Tenancy and the Real Property Law in the United States
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What are the types of tenancy according to the Real Property Law in the United States? Explain your answer.
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The expert determines what are the types of tenancy according to the real property law in the United States.
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According to the Real Property Law in the United States, there are 5 types of tenancies as the term relates to a leasehold type of estate.
i. Periodic Tenancy: This is a tenancy that continues for successive periods from year to year or fractions thereof. There is no definite termination date and it continues until terminated by either the landlord or tenant. It is terminated by proper notice, which is usually statutorily prescribed. This tenancy may be created by express ...
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