Which type of lease allows a tenant to occupy property indefinitely until notice is given?

Prepare for the Arizona Property Management Test with flashcards and multiple choice questions. Each question is supplemented with hints and detailed explanations. Get ready to pass your exam!

A month-to-month lease allows a tenant to occupy the property on a continuous basis until either party provides notice to terminate the agreement. This type of lease provides flexibility for both the landlord and tenant, as it does not have a predetermined end date. Instead, tenancy continues on a monthly basis, requiring that either the tenant or landlord give notice—typically 30 days—if they wish to end the arrangement.

In contrast, a fixed-term lease establishes a specific duration for the tenancy, such as a year, and remains binding until the end of that term unless both parties agree otherwise. A sublease involves a primary tenant allowing another person to occupy the rented property, usually under the original lease terms, and does not inherently grant indefinite residence. An annual lease combines elements of a fixed-term lease as it specifies a lease period of one year, which also does not provide the same level of flexibility as a month-to-month arrangement.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy