A warehouse owner leased the premises to a manufacturer for a term of one year at $60,000 total rent, payable in monthly installments of $5,000 at the beginning of each month. The lease contained no termination or extension provisions. The manufacturer paid each month on time. At the end of the year, the owner did not notify the manufacturer of termination. The manufacturer tendered $5,000 for the next month to the owner, who refused to accept. In the absence of any applicable statute, how much advance notice must the owner give before seeking eviction after the term expires?

Prepare for the MBE Real Property Test. Study with flashcards and multiple choice questions, each with hints and explanations. Get exam ready!

Multiple Choice

A warehouse owner leased the premises to a manufacturer for a term of one year at $60,000 total rent, payable in monthly installments of $5,000 at the beginning of each month. The lease contained no termination or extension provisions. The manufacturer paid each month on time. At the end of the year, the owner did not notify the manufacturer of termination. The manufacturer tendered $5,000 for the next month to the owner, who refused to accept. In the absence of any applicable statute, how much advance notice must the owner give before seeking eviction after the term expires?

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy