What type of rental agreement is defined as having a specific start and end date?

What type of rental agreement is defined as having a specific start and end date?

• A. Tenancy at Sufferance
• B. Fixed Term Rental
• C. Month-to-Month Tenancy
• D. Periodic Tenancy

Answer: (B)

A fixed term rental agreement is defined by having a clear and specific start date and end date. This type of agreement outlines the duration for which the tenant can occupy the rental property, providing both the landlord and tenant with certainty regarding lease terms. It typically involves a commitment to lease the property for that set period, during which neither party can terminate the lease early without penalties, unless there's a violation of the contractual terms. This distinguishes it from other types of rental agreements. In contrast, month-to-month tenancies and periodic tenancies have flexible timeframes that can change from one period to the next, allowing for more mobility. Tenancy at sufferance, on the other hand, refers to a situation where a tenant remains on the property after the lease has expired, without the landlord's consent. These other options reflect various degrees of commitment and flexibility in renting arrangements but do not specify a predetermined end date like a fixed term rental does.

A fixed term rental agreement is defined by having a clear and specific start date and end date. This type of agreement outlines the duration for which the tenant can occupy the rental property, providing both the landlord and tenant with certainty regarding lease terms. It typically involves a commitment to lease the property for that set period, during which neither party can terminate the lease early without penalties, unless there's a violation of the contractual terms. This distinguishes it from other types of rental agreements.

In contrast, month-to-month tenancies and periodic tenancies have flexible timeframes that can change from one period to the next, allowing for more mobility. Tenancy at sufferance, on the other hand, refers to a situation where a tenant remains on the property after the lease has expired, without the landlord's consent. These other options reflect various degrees of commitment and flexibility in renting arrangements but do not specify a predetermined end date like a fixed term rental does.