If a Tenant Remains in Possession After the Termination of the Lease

question 31

Multiple Choice

If a tenant remains in possession after the termination of the lease without permission of the landlord, the landlord may treat the tenant as either a trespasser or a tenant. Until the landlord elects to do one or the other, a tenancy __________ exists.

• A) at sufferance
• B) at will
• C) for years
• D) from year to year

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a fixed amount of income.

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, benefits, and income from investments.

Price Increase

A rise in the cost of goods or services, which can be influenced by factors such as inflation, demand, or production costs.

Indifference Curve

A graph representing combinations of two goods that give a consumer equal satisfaction and utility.