A[n] ______ Lease Is Created for a Recurring Term,such as Month

question 33

Multiple Choice

A[n] ______ lease is created for a recurring term,such as month to month; and it may last for an indefinite time period.

• A) Allowable-term
• B) Periodic-tenancy
• C) Tenancy-at-will
• D) Tenancy-at-sufferance
• E) Definite-term

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Definitions:

Attract Capital

The act of drawing investment funds or resources towards a business, project, or idea, typically through the promise of profit or other financial gains.

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability protection to its shareholders.

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns.

Dissolves

To formally end or terminate something, such as a contractual agreement or a business entity like a corporation.