A signed lease for 5 months is a(n)
- estate from period to period
- estate for years
- estate at will
- freehold estate
The answer is B – Don’t let the phrase “estate for years” confuse you. Any lease that continues for a fixed time span can be called an “estate for years” even if that time span is for a day, a week, a month, a year, or years.
Therefore, a signed lease for 3 years and a signed lease for 5 months are both estates for years – because they are both for a fixed amount of time.