Lucy rents a commercial storage space every summer to store her possessions while she is not at school. She pays the storage fees by cheque each month to the owner ofthe facility. Multiple Choice O Lucy is in a periodic tenancy. Lucy is a subtenant. O Lucy is in a tenancy at will. Lucy will have to pay additional monthly rent unless she gives notice to quit when she removes her belongings. Ron has a twoyear commercial lease with Southward Realty Inc. for his insurance business located in Calgary, Alberta. The lease was entered into on Julyl of year1 and runs until year 3. It is a monthly periodic lease. In October of year1 Ron decides that he wants to terminate the lease and move to new premises on May 1 of year 2. If there is no termination clause in the lease, when must he give notice of termination? Multiple Choice 0 March 31; the notice must be equal to one tenancy periods O April 1; the notice must be equal to one tenancy period. 0 February 1; the legislation requires notice of 60 days