What is 'tenancy at will' characterized by?

Prepare for the RECA Property Management Exam with multiple choice questions that offer hints and explanations. Ace your exam!

Tenancy at will is characterized by an indefinite duration without a formal lease agreement. This type of tenancy allows a tenant to occupy the property without a specified end date, meaning either the landlord or tenant can terminate the arrangement at any time, usually with reasonable notice. This flexibility distinguishes tenancy at will from other types of tenancies, which often have specific terms regarding duration and conditions for termination.

In contrast, options that mention a specific end date or long-term agreements do not align with the nature of tenancy at will, as that type of tenancy lacks the formal structure and commitment associated with a fixed-term lease. Additionally, while immediate termination upon the landlord's request can sometimes apply, it is not intrinsic to the definition of tenancy at will, which focuses more on the absence of a formal lease and the indefinite nature of the tenant's right to occupy the property.

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