A Leasehold Estate That Runs for Fixed Periods of Time

question 19

Short Answer

A leasehold estate that runs for fixed periods of time and automatically renews unless terminated by the tenant or landlord is called a _______.

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Definitions:

Wrongful

Actions or behavior that are illegal, unjust, or not correct according to law or equity.

Unfair

Activities or practices that are unjust, dishonest, or not in accordance with equity or good conscience.

Mistake

An erroneous belief or misunderstanding about something, which can affect the validity of a contract if it's fundamental.

Raffles V. Wichelhaus

A landmark case in contract law dealing with mutual mistake and the importance of clear terms in agreements, specifically relating to the "Peerless" ship.