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MMLU / An investor owned a building in a city. This was the only piece of real estate…

Problem

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question

An investor owned a building in a city. This was the only piece of real estate that the investor owned. The three-story building had a store on the ground floor and apartments on the other two floors. The investor entered into a leasehold agreement with a tenant, who would lease the first floor, where she planned to open a sporting goods store. After identifying the parties, the operative words of the lease were as follows: "Landlord hereby agrees to lease for the three years the first floor of his building in the city to tenant, reserving unto said landlord annual rental in the sum of 12,000payableinadvanceinmonthlyinstallmentsof12,000 payable in advance in monthly installments of 1,000. "After the tenant took possession and the investor accepted her rent payment for the first floor of the building, which of the following most accurately describes the legal relationship between the parties?
Plain-text mathematical notation (without MathML)
An investor owned a building in a city. This was the only piece of real estate that the investor owned. The three-story building had a store on the ground floor and apartments on the other two floors. The investor entered into a leasehold agreement with a tenant, who would lease the first floor, where she planned to open a sporting goods store. After identifying the parties, the operative words of the lease were as follows: "Landlord hereby agrees to lease for the three years the first floor of his building in the city to tenant, reserving unto said landlord annual rental in the sum of 12,000payableinadvanceinmonthlyinstallmentsof1,000. "After the tenant took possession and the investor accepted her rent payment for the first floor of the building, which of the following most accurately describes the legal relationship between the parties?
Original LaTeX notation
An investor owned a building in a city. This was the only piece of real estate that the investor owned. The three-story building had a store on the ground floor and apartments on the other two floors. The investor entered into a leasehold agreement with a tenant, who would lease the first floor, where she planned to open a sporting goods store. After identifying the parties, the operative words of the lease were as follows: "Landlord hereby agrees to lease for the three years the first floor of his building in the city to tenant, reserving unto said landlord annual rental in the sum of $12,000 payable in advance in monthly installments of $1,000. "After the tenant took possession and the investor accepted her rent payment for the first floor of the building, which of the following most accurately describes the legal relationship between the parties?

choices

  1. A tenancy at will was created.
  2. A periodic tenancy from month-to-month was created.
  3. A periodic tenancy from year-to-year was created.
  4. The tenant's equitable three-year term became a legal three-year term.

subject

professional_law

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Source and history

task_id
ba5a2d15-a03e-5654-a2fa-8150338eaedc
task_key
all--test--ba5a2d15-a03e-5654-a2fa-8150338eaedc
task_revision_id
1
config / split
all / test

Official source

initial import