Florida Broker Practice Exam

What is a written lease agreement with a specific starting and ending date called?

1. Tenancy at will

2. Estate for years

3. Leasehold estate

4. Tenancy at sufferance

The correct answer is: Estate for years

A written lease agreement with a specific starting and ending date is referred to as an estate for years. This term describes a leasehold interest in which the lease is for a fixed duration, meaning both the landlord and tenant are clear on when the lease begins and ends. The lease does not automatically renew unless specifically stated, and this clarity helps both parties to understand the terms of occupancy and rental payments. This type of agreement contrasts with other tenancy arrangements such as tenancy at will, which allows for the lease to continue indefinitely until either party gives notice to terminate. A leasehold estate is a more general term that can encompass various forms of tenant arrangements. Tenancy at sufferance refers to a situation where a tenant remains in possession of the property after the lease has expired without the landlord's consent. Hence, the specificity and predetermined timeline of an estate for years clearly differentiate it from these other forms of tenancy.