What is a non-freehold estate? What are the different types of non-freehold estates?
(1) Tenancy for Years – estate measured by a fixed period of time (no matter how short); must be in writing if over one year.
(2) Periodic Tenancy – repeating; ongoing, continuing, repetitive estate, until one party gives a valid notice.
(3) Tenancy at Will – either party can terminate at any time without notice.
(4) Tenancy at Sufferance – bare possession of a holdover tenant. At landlord’s sole option, the landlord can either (a) treat tenant as trespasser and throw off land, (b) impose new periodic tenancy (if residential, then month-to-month; if commercial and expired tenancy was for 1+ years, then year-to-year; if commercial and expired tenancy was for <1 year, then rent period of old tenancy).