Ace the Texas Real Estate State Exam 2025 – Unlock Your Realty Dreams!

Image Description

Question: 1 / 400

What term is used when a tenant pays rent and it is accepted after the lease has expired?

Holdover Tenancy

When a tenant continues to occupy a rental property after their lease has expired and their rent is accepted, it is known as a holdover tenancy. This occurs when the tenant and landlord do not sign a new lease agreement but the landlord still accepts the tenant's rent payments, thereby granting the tenant the right to remain in the property. The other options, periodic tenancy, statutory estate, and taxation, do not accurately describe this scenario. Periodic tenancy refers to a lease with no specified end date where rent is paid on a regular basis, while a statutory estate refers to a type of interest in land. Taxation, on the other hand, involves the payment of taxes, which is not related to a tenant paying rent after the lease has expired.

Get further explanation with Examzify DeepDiveBeta

Periodic Tenancy

Statutory Estate

Taxation

Next Question

Report this question

Download Texas Real Estate State Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy