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Definite-Term Lease
A lease agreement with a specific beginning and end date, distinguishing it from a periodic or at-will tenancy.
Periodic-Tenancy Lease
A rental agreement that automatically renews for successive periods (such as monthly or yearly) until either party terminates it.
Tenancy-At-Will Lease
A lease that may be terminated by the parties at any time.
Tenancy-At-Sufferance Lease
A lease that is created when a tenant who was lawfully in possession of a leased property remains in possession of that property unlawfully after the lease ends because the person with the power to evict him failed to do so.
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