An arrangement allowing occupancy of a property for an indefinite period, where no formal lease or agreement specifies a fixed term, is characterized by its terminability at the discretion of either the owner or the occupant. This flexible tenancy is established through explicit agreement, implication, or by operation of law when a lease expires and the occupant remains with the consent of the owner. For example, if a landlord permits a former leaseholder to continue residing in a property after the lease’s conclusion while negotiating new terms, the arrangement may be classified as this type of tenancy.
The significance of this arrangement lies in its adaptability and relative ease of termination. It provides both the property owner and the occupant with a degree of freedom unavailable in more structured lease agreements. Historically, these arrangements were more prevalent in agricultural settings and informal housing situations. Currently, this kind of tenancy remains relevant in transitional housing, temporary living situations, and informal rental agreements, offering a practical solution where long-term commitment is not desired or feasible by either party.
