Glossary entry

English term or phrase:

open-ended tenancy

English answer:

no fixed termination date for tenancy

Added to glossary by William [Bill] Gray
Feb 28, 2006 14:21
18 yrs ago
6 viewers *
English term

open-ended tenancy

English Bus/Financial Real Estate types of tenancy
The problem sentence is: "The building, however, is fully leased with open-end tenancy agreements."
Does it mean "indefinite-term lease agreements" or something else?

Discussion

RHELLER Feb 28, 2006:
I think the agreement is similar to a lease but has no specific term date.

Responses

+11
11 mins
Selected

no fixed termination date for tenancy

From this information, no estimate can be made on how long the lease is; it is exactly what it says: open-ended. Not very common where I come from, I might add. Imagine if you had bad tenants!!
Peer comment(s):

agree RHELLER : the "open end date" and conditions surrounding it are usually specified in the agreement- for areas that are hard to rent or for landlords who don't want to be bothered with annual updates
11 mins
Yes, thanks for that comment.
agree Morad Safe (X) : http://www.smbiz.com/sbgl002.html can also back your idea.
12 mins
Thank you for the web link.
agree Alison Jenner : yes, this is what I have with my landlord - but I am a good tenant ;-)
17 mins
Thank you, and I'm sure you are, but not all are!!
agree jarry (X)
56 mins
Thanks.
agree Mwananchi
58 mins
Thank you.
agree Rebecca Barath
1 hr
Thank you.
agree Refugio : Lease agreement may be on a month-to-month basis. (Imagine if you had a bad landlord!)
1 hr
Thanks. Yes, the bad landlord scenario is also a possibility!
agree humbird
1 hr
Thank you.
agree Will Matter
2 hrs
Thank you.
agree Peter Enright : agree
10 hrs
Thank you.
agree Alfa Trans (X)
1 day 3 hrs
Thanks, Marju.
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4 KudoZ points awarded for this answer. Comment: "Thank you all! :)"
+7
10 mins

or no lease at all

Open ended may mean month to month or year to year, with no end date agreed upon. The tenancy may be terminated by either party at will (with some advance notice required)

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Note added at 2 hrs (2006-02-28 16:51:59 GMT)
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Often a tenant will start out signing a lease for a definite term (usually 1 to 2 years in residential leasing, 3+ in commercial) and when the term is up, the tenancy may continue on a "month-to-month" or "open ended" basis. Amount of rent, advanced termination notice time, and other provisions still apply but there is NO lease anymore.
Peer comment(s):

agree juvera
8 mins
Thank you, juvera.
agree Morad Safe (X) : seems right to me.
15 mins
Thank you, Morad.
agree Alison Jenner
18 mins
Thank you, Alison.
agree jarry (X)
57 mins
Thank you, Jarry.
agree humbird
1 hr
Thank you, Susan.
agree Will Matter
2 hrs
Thank you, willmatter.
agree William [Bill] Gray : Yes, this also could be a possibility.
3 hrs
Thank you, William.
Something went wrong...
3 hrs

tenancy at will

no set term, but it can be terminated by either party

subject of course only to any legal restrictions, if the jurisdiction has for instance protections for residental tenants.
Something went wrong...
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