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open-ended tenancy

English translation: no fixed termination date for tenancy

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:open-ended tenancy
Selected answer:no fixed termination date for tenancy
Entered by: William [Bill] Gray

14:21 Feb 28, 2006
English language (monolingual) [PRO]
Bus/Financial - Real Estate / types of tenancy
English term or phrase: open-ended tenancy
The problem sentence is: "The building, however, is fully leased with open-end tenancy agreements."
Does it mean "indefinite-term lease agreements" or something else?
Pawel Bartoszewicz
Poland
Local time: 05:09
no fixed termination date for tenancy
Explanation:
From this information, no estimate can be made on how long the lease is; it is exactly what it says: open-ended. Not very common where I come from, I might add. Imagine if you had bad tenants!!
Selected response from:

William [Bill] Gray
Norway
Local time: 05:09
Grading comment
Thank you all! :)
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +11no fixed termination date for tenancy
William [Bill] Gray
5 +7or no lease at all
Alexander Demyanov
5tenancy at will
Charlesp


Discussion entries: 1





  

Answers


11 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +11
no fixed termination date for tenancy


Explanation:
From this information, no estimate can be made on how long the lease is; it is exactly what it says: open-ended. Not very common where I come from, I might add. Imagine if you had bad tenants!!

William [Bill] Gray
Norway
Local time: 05:09
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thank you all! :)

Peer comments on this answer (and responses from the answerer)
agree  RHELLER: the "open end date" and conditions surrounding it are usually specified in the agreement- for areas that are hard to rent or for landlords who don't want to be bothered with annual updates
11 mins
  -> Yes, thanks for that comment.
agree  Morad Safe (X): http://www.smbiz.com/sbgl002.html can also back your idea.
12 mins
  -> Thank you for the web link.
agree  Alison Jenner: yes, this is what I have with my landlord - but I am a good tenant ;-)
17 mins
  -> Thank you, and I'm sure you are, but not all are!!
agree  jarry (X)
56 mins
  -> Thanks.
agree  Mwananchi
58 mins
  -> Thank you.
agree  Rebecca Barath
1 hr
  -> Thank you.
agree  Refugio: Lease agreement may be on a month-to-month basis. (Imagine if you had a bad landlord!)
1 hr
  -> Thanks. Yes, the bad landlord scenario is also a possibility!
agree  humbird
1 hr
  -> Thank you.
agree  Will Matter
2 hrs
  -> Thank you.
agree  Peter Enright: agree
10 hrs
  -> Thank you.
agree  Alfa Trans (X)
1 day 3 hrs
  -> Thanks, Marju.
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10 mins   confidence: Answerer confidence 5/5 peer agreement (net): +7
or no lease at all


Explanation:
Open ended may mean month to month or year to year, with no end date agreed upon. The tenancy may be terminated by either party at will (with some advance notice required)

--------------------------------------------------
Note added at 2 hrs (2006-02-28 16:51:59 GMT)
--------------------------------------------------

Often a tenant will start out signing a lease for a definite term (usually 1 to 2 years in residential leasing, 3+ in commercial) and when the term is up, the tenancy may continue on a "month-to-month" or "open ended" basis. Amount of rent, advanced termination notice time, and other provisions still apply but there is NO lease anymore.

Alexander Demyanov
Local time: 23:09
Native speaker of: Native in RussianRussian
PRO pts in category: 3

Peer comments on this answer (and responses from the answerer)
agree  juvera
8 mins
  -> Thank you, juvera.
agree  Morad Safe (X): seems right to me.
15 mins
  -> Thank you, Morad.
agree  Alison Jenner
18 mins
  -> Thank you, Alison.
agree  jarry (X)
57 mins
  -> Thank you, Jarry.
agree  humbird
1 hr
  -> Thank you, Susan.
agree  Will Matter
2 hrs
  -> Thank you, willmatter.
agree  William [Bill] Gray: Yes, this also could be a possibility.
3 hrs
  -> Thank you, William.
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3 hrs   confidence: Answerer confidence 5/5
tenancy at will


Explanation:
no set term, but it can be terminated by either party

subject of course only to any legal restrictions, if the jurisdiction has for instance protections for residental tenants.

Charlesp
Sweden
Local time: 05:09
Works in field
Native speaker of: English
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