A lease that automatically terminates without notice at the end of a specified period is known as what?

A lease that automatically terminates without notice at the end of a specified period is known as an estate for years. This type of lease has a defined beginning and ending date, providing clear terms and conditions for both the landlord and the tenant. Upon reaching the expiration date, the lease concludes without any further obligations, and no prior notice is required from either party for termination.

Periodic tenancy, in contrast, is an arrangement where the lease continues for successive periods until either party gives notice to terminate. A tenancy at sufferance occurs when a tenant remains on the property after the lease has expired without the landlord's permission, creating a situation that is quite different from a lease that has a specific end date. Similarly, a month-to-month lease is a type of periodic tenancy that automatically renews at the end of each month unless either party decides to terminate it with appropriate notice. Thus, the defining characteristic of the estate for years is its automatic termination at the end of a specified time period, differentiating it from other forms of tenancy.