Ron has a two-year commercial lease with Southward Realty Inc. for his insurance business located in Calgary, Alberta. The lease was entered into on July 1 of year 1 and runs until year 3. It is a monthly periodic lease. In October of year 1 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 March 31: the notice must be equal to one tenancy period. April 1; the notice must be equal to one tenancy period. February 1; the legislation requires notice of 60 days. 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 of the facility. Multiple Choice Lucy is in a periodic tenancy. Lucy is a subtenant. 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.