Question
After years of marital discord, Bill and Hillary divorce. Hillary agrees to lease the Chappaqua, New York home (awarded to her in the divorce) to
After years of marital discord, Bill and Hillary divorce. Hillary agrees to lease the Chappaqua, New York home (awarded to her in the divorce) to Bill. She offers him a number of lease options.
a. He may lease the home for five years. What type of tenancy is this?
b. He may lease the home for a year and annually renew the lease so long as he provides written notice of his intention to do so prior to December 1st of each year. What type of tenancy is this?
c. He may lease the home until Hillary finds a more preferable tenant or until Bill finds a better place to live, whichever occurs first. What type of tenancy is this?
d. Bill chooses to lease the home for five years. He remains in the home after the five year-term concludes. Is this a tenancy? If so, what type of tenancy is this?
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