Compare and Contrast Proposed, Temporary, and Final Regulations

question 6

Essay

Compare and contrast proposed, temporary, and final regulations.

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Definitions:

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.