| 释义 |
fixed term
A tenancy or lease for a fixed period. The date of commencement and the length of a lease must be agreed before there can be a legally binding lease. It may take effect from the date of the grant, an earlier date, or a date up to 21 years ahead (see future lease). At the end of the fixed term, the lease or tenancy comes to an end automatically without notice to quit. However, if the tenancy is an assured tenancy, it will continue at the end of the term as a statutory periodic tenancy unless it is brought to an end by surrender of tenancy or a court order. If the tenant remains in possession after the end of the term, a tenancy at will may arise; if the landlord accepts periodic payments of rent from the tenant after the end of the term, a periodic tenancy may arise. See also half a year; long tenancy. |