Asked by Derek Timmer on Jun 25, 2024
Verified
Which of the following is a not a type of lease that may be created?
A) Definite-term
B) Period-tenancy
C) Tenancy-at-will
D) Absolute tenancy
E) Tenancy-at-sufferance
Absolute Tenancy
A type of property lease where the tenant possesses total and unrestricted rights to the property for the lease period.
Type Of Lease
Refers to the different kinds of leasing agreements available, such as operational leases, finance leases, and capital leases, each with its specific terms and conditions.
- Comprehend the various categories of leases and the conditions for their termination.
Verified Answer
ZK
Zybrea KnightJul 02, 2024
Final Answer :
D
Explanation :
"Absolute tenancy" is not a recognized type of lease. Leases are typically categorized as definite-term, period-to-period (or period tenancy), tenancy-at-will, and tenancy-at-sufferance, each with distinct characteristics regarding the duration and termination of the lease agreement.
Learning Objectives
- Comprehend the various categories of leases and the conditions for their termination.