When Does a Definite-Term Lease, Also Known as a Term

question 6

Multiple Choice

When does a definite-term lease, also known as a term for years lease, expire?

• A) Automatically at the end of the specified term.
• B) 30-days after notice is given to the tenant.
• C) Within 5-business days of the end of the term specified.
• D) Within 24 hours of notice of termination of the lease.
• E) This type of lease never expires unless the tenant and landlord agree to end the lease.

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Definitions:

NC Pushbutton

A Normally Closed pushbutton switch that makes contact (closes) when at rest and breaks the circuit when pressed.

Ladder Logic

A programming language that represents electronic switching circuits; widely used in programming PLCs.

Control Process

A method or procedure in automation or management used to direct, monitor, and regulate the behavior and operations of a system to achieve desired results.

Limit Switch

An electromechanical device used to detect the presence or absence of an object when it reaches a designated point.