Possession

The types of possession interest a tenant has can be:

  1. Periodic Tenancy: Open-ended and renewed at the end of each period unless one party gives notice that they are discontinuing the lease.
  2. Tenancy for Years: The most common type of possession interest. It is for a specific time and automatically terminates on the stated expiration.
  3. Tenancy at Will: This lease continues until a party decides to terminate.
  4. Tenancy at Sufferance: When a tenant stays beyond the agreed terms.