A Lease Which Does Not Specify a Definite Term to Expiry

question 8

True/False

A lease which does not specify a definite term to expiry but where rent is paid monthly (a) renews itself monthly, and (b) need not be in writing.

---

Definitions:

Informative Message

Communication that aims to provide valuable and useful information to the receiver.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Positive Message

A message that conveys optimistic or constructive information or sentiment.

Goodwill

An intangible asset representing the value of a company's brand, customer relations, employee morale, and other non-physical assets that contribute to its earning power.