Multiple Choice
Minimarket Grocers is in a one year lease of a bay in a strip mall that is subject to a periodic tenancy.The one year period will be completed in three months.What will happen if Minimarket allows the three months to pass without taking any further steps?
A) Minimarket will be in breach of the terms of the lease.
B) The lease will expire and Minimarket will have to vacate the premises.
C) The lease will automatically renew for another year.
D) The lease will renew for an additional one month period.
Correct Answer:
Verified
Correct Answer:
Verified
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