What type of lease is automatically renewed unless notice is given?

Study for the California Real Estate Broker Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare efficiently and effectively for your licensing exam!

The type of lease that is automatically renewed unless notice is given is a periodic tenancy. This lease arrangement typically involves a rental period that can be on a weekly, monthly, or yearly basis. At the end of each rental period, the lease renews automatically unless either the landlord or tenant provides notice of termination, usually within a specified time frame defined in the lease agreement. This characteristic of automatic renewal distinguishes periodic tenancies from other types of leases.

In contrast, an estate for years is a lease with a fixed duration that does not automatically renew upon expiration; it simply ends when the term is completed. A leasehold estate is a broader term encompassing various types of leases but does not specifically imply automatic renewal. A fixed lease isn't a standard term used in real estate; thus, it’s not applicable in this context. The periodic tenancy's unique feature of automatic renewal makes it the correct answer in this scenario.

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