A periodic-tenancy lease is for how long of a time period?

A) A year or longer
B) Less than a year
C) Two years or less
D) It depends on the state
E) They are for an indefinite time period

Periodic tenancy agreements run for an indefinite period and continue until either the landlord or the tenant terminates the lease. These agreements do not have a fixed end date and often operate on a month-to-month or week-to-week basis, depending on how rent is paid.