Periodic tenancy: перевір свою фінансову англійську

1. TASK: Insert the appropriate word in the text below:

business custom - committing - estate - explicitly - oral - premises - violates 

Periodic tenancy

A periodic tenancy, also known as a tenancy from year to year, month to month, or week to week, is an _________ that exists for some period of time determined by the term of the payment of rent. An _________ lease for a tenancy of years that _________ the Statute of Frauds (by _________ to a lease of more than — depending on the jurisdiction — one year without being in writing) may actually create a periodic tenancy, depending on the laws of the jurisdiction where the leased _________ are located. In many jurisdictions the "default" tenancy, where the parties have not _________ specified a different arrangement, and where none is presumed under local or _________, is a month-to-month tenancy.

2. CHECK YOUR SPEAKING

3. SEE CORRECT ANSWER

[ Див. правильну відповідь ] 

Periodic tenancy

A periodic tenancy, also known as a tenancy from year to year, month to month, or week to week, is an estate that exists for some period of time determined by the term of the payment of rent. An oral lease for a tenancy of years that violates the Statute of Frauds (by committing to a lease of more than — depending on the jurisdiction — one year without being in writing) may actually create a periodic tenancy, depending on the laws of the jurisdiction where the leased premises are located. In many jurisdictions the "default" tenancy, where the parties have not explicitly specified a different arrangement, and where none is presumed under local or business custom, is a month-to-month tenancy.

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