Legal Definitions - periodic estate

A periodic estate is a type of tenancy where the tenant has the right to occupy the property for successive periods, such as month-to-month or year-to-year, unless the tenancy is terminated by notice. This type of tenancy is also known as a periodic tenancy.

• A month-to-month apartment lease
• A year-to-year lease for a commercial property

These examples illustrate that the tenant has the right to occupy the property for a specific period, but the tenancy automatically renews for successive periods unless terminated by notice. For instance, a month-to-month lease will renew every month unless the landlord or tenant gives notice to terminate the tenancy.