A periodic estate is:

• A. A fixed end date
• B. A repeating period such as month to month
• C. A tenancy for years
• D. An estate at will

Answer: (B)

A periodic estate is a tenancy that continues in repeating intervals rather than ending on a fixed date. It lasts as long as the rent is paid and the tenancy is not terminated, repeating from one period to the next (for example, month-to-month or week-to-week). The key is that there isn’t a set end date written into the agreement; the arrangement keeps renewing automatically until proper notice is given to end it. This differs from a tenancy for years, which has a definite end date, and from an estate at will, which can be terminated by either party with minimal or no formal notice.