Which term describes a leasehold estate that renews automatically?

A leasehold estate that renews automatically is best described as a periodic tenancy. This type of leasehold is characterized by its duration being defined in terms of recurring intervals, such as week-to-week or month-to-month. When the initial term expires, it automatically renews unless one party provides notice to terminate. This aspect of automatic renewal makes it distinct from other types of leasehold estates.

In contrast, an estate for years has a fixed start and end date and does not automatically renew at the end of the term. An estate at will allows for occupancy without a fixed term, but it is subject to termination at the will of either party, meaning it does not provide for automatic renewal. Tenancy at sufferance occurs when a tenant remains in the property after the lease has expired, but it does not imply a renewal condition; it represents a situation where the landlord has not yet enforced their right to evict the tenant. Therefore, periodic tenancy is the appropriate term for a leasehold that renews automatically.