Minimarket Grocers Is in a One Year Lease of a Bay

question 67

Multiple Choice

Minimarket Grocers is in a one year lease of a bay in a strip mall that is subject to a periodic tenancy.The one year period will be completed in three months.What will happen if Minimarket allows the three months to pass without taking any further steps?

• A) Minimarket will be in breach of the terms of the lease.
• B) The lease will expire and Minimarket will have to vacate the premises.
• C) The lease will automatically renew for another year.
• D) The lease will renew for an additional one month period.

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Definitions:

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