1. TASK: Insert the appropriate word in the text below:
absence - conditional - converts - expires - extended - impliedly
indefinite - lasts - occurs - penalty - renewed - surrender
Lease term
The term of the lease may be fixed, periodic or of _________ duration. If it is for a specified period of time, the term ends automatically when the period _________, and no notice needs to be given, in the _________ of legal requirements. The term's duration may be _________, in which case it lasts until a specified event _________, such as the death of a specified individual. A periodic tenancy is one which is _________ automatically, usually on a monthly or weekly basis. A tenancy at will _________ only as long as the parties wish it to, and may be terminated by either party without _________.
It is common for a lease to be _________ on a "holding over" basis, which normally _________ the tenancy to a periodic tenancy on a month by month basis. It is also possible for a tenant, either expressly or _________, to give up the tenancy to the landlord. This process is known as a "_________" of the lease.
2. CHECK YOUR SPEAKING
|
absence |
[ ˈæbsəns ] |
відсутність |
|
conditional |
[ kənˈdɪʃ.ən.əl ] |
умовний |
|
converts |
[ kənˈvɜːt ] |
конвертувати |
|
expires |
[ ɪkˈspaɪər ] |
завершує термін дії |
|
extended |
[ ɪkˈsten.dɪd ] |
продовжений |
|
impliedly |
|
матися на увазі |
|
indefinite |
[ ɪnˈdef.ɪ.nət ] |
невизначений |
|
lasts |
[ lɑːst ] |
відбуватися |
|
occurs |
[ əˈkɜːr ] |
виникати |
|
penalty |
[ ˈpen.əl.ti ] |
штраф |
|
renewed |
[ rɪˈnjuː ] |
відновлювати |
|
surrender |
[ sərˈen.dər ] |
відмова |
3. SEE CORRECT ANSWER
Lease term
The term of the lease may be fixed, periodic or of indefinite duration. If it is for a specified period of time, the term ends automatically when the period expires, and no notice needs to be given, in the absence of legal requirements. The term's duration may be conditional, in which case it lasts until a specified event occurs, such as the death of a specified individual. A periodic tenancy is one which is renewed automatically, usually on a monthly or weekly basis. A tenancy at will lasts only as long as the parties wish it to, and may be terminated by either party without penalty.
It is common for a lease to be extended on a "holding over" basis, which normally converts the tenancy to a periodic tenancy on a month by month basis. It is also possible for a tenant, either expressly or impliedly, to give up the tenancy to the landlord. This process is known as a "surrender" of the lease.
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