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Fixed-Term Tenancy: Has a specific end date and usually requires both parties to honor the lease for its entire term.  Periodic Tenancy: Continues indefinitely until either party gives proper notice to terminate. Offers more flexibility but typically requires notice for termination.

 Fixed-Term Tenancy: A lease with a set end date, such as one year. Both parties are bound for the entire term.  Periodic Tenancy: A lease that renews automatically at regular intervals (e.g., monthly or yearly). Can be terminated with proper notice.  Tenancy-at-Will: A flexible arrangement where either party can terminate the tenancy…