What type of tenancy begins in a specific time period and continues indefinitely until terminated by one of the parties?

The concept of a periodic tenancy is characterized by a lease that begins on a specific date and continues on a recurring basis, typically week to week or month to month, until either party gives notice to terminate the agreement. This type of tenancy offers flexibility as it does not have a predetermined end date, allowing it to roll over automatically until a party decides to end it. This is distinctly different from a fixed-term tenancy, which has a set start and end date and does not continue beyond that term unless a new agreement is established.

In the context of periodic tenancy, the tenant pays rent at regular intervals, which reinforces the ongoing nature of the arrangement. Notice requirements for terminating this type of tenancy vary based on state laws, but they typically require advance notice from either party to end the lease.

The other leasing terms relate to more specific or limited circumstances: a leasehold tenancy refers broadly to any tenant’s rights under a lease; a fixed-term tenancy has a defined duration, and a tenancy at sufferance occurs when a tenant remains in possession after the lease has expired, but it lacks the ongoing agreement or due process of ending that defines periodic tenancies. Thus, the nature of periodic tenancy correctly aligns with the question’s description.