When a landlord and a tenant enter into an agreement for a specified term, they have created…

➤ How does a tenancy for a stated period differ from a tenancy at will?
A tenancy for a stated period has fixed beginning and ending dates and ends automatically at term expiration. A tenancy at will has no fixed term and either party can usually end it with reasonable notice. Fixed-term leases provide greater stability and clearer notice and remedy rules under property and contract law.