Legal Dictionary of Pakistan

periodic tenancy

A tenancy that automatically continues for successive periods - usu. month to month or year to year - unless terminated at the end of a period by notice. ( A typical example is a month-to-month apartment lease. This type of tenancy originated through court rulings that, when the lessor received a periodic rent, the lease could not be terminated without reasonable notice. -Also termed tenancy from period to period; periodic estate; estate from period to period; (more specif.) month-to-month tenancy (or estate); year-to-year tenancy (or estate).