There are several types of leases. The lease or rental agreement creates a tenancy. A tenancy is an interest in real estate or tenement belonging to the tenant who possesses it exclusive of others except as the lease or law may permit a landlord’s right of entry to demand rent or to make repairs. A lease may be for a specific time period as stated in the rental agreement. A tenancy that has no fixed time period is known as a tenancy at will. If the length of the lease is not specified in the rental agreement, the length is determined by the payment periods for rent. The length may be week-to-week, month-to-month or year-to-year. These types of leases are sometimes referred to as periodic estates. If the tenant remains on the premises after expiration of the lease without the landlord’s consent, a holdover tenancy results. A tenant who remains on the premises after expiration of the lease is known as a “holdover tenant” or a “tenant at sufferance.” If the landlord chooses to consent to the continued presence of the holdover tenant, the tenancy becomes a tenancy at will.