Property Management Licensing Practice Exam · Question
What is a 'fixed-term tenancy'?
A fixed-term tenancy has a specific beginning and end date. It does not automatically end at the end of the term in BC, but usually converts to a month-to-month
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Question: What is a 'fixed-term tenancy'?
Answer options:
- A tenancy that can be ended by either party with one month's notice. ✅ A tenancy with a predetermined start and end date.
- A tenancy where the rent amount is fixed for the duration, but the term is flexible.
- A tenancy that automatically converts to a month-to-month tenancy after one year.
Correct answer: A tenancy with a predetermined start and end date.
Explanation: A fixed-term tenancy has a specific beginning and end date. It does not automatically end at the end of the term in BC, but usually converts to a month-to-month or requires specific notice if the tenant is moving out.
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