A commercial periodic tenancy can be terminated by either party by giving 'reasonable' notice to the other party.

• A. True
• B. False
• C. Not enough information
• D. Depends on tenancy term

Answer: (A)

In a commercial periodic tenancy, there is no fixed end date—the tenancy continues on a repeating period (monthly, yearly, etc.). Because of that, either party can end the arrangement by giving reasonable notice to the other. The idea of “reasonable notice” is enough time to wind up affairs and find alternative space, and in practice the notice period often follows the rental period or is set by the lease. So the statement is true: termination by reasonable notice is allowed in a commercial periodic tenancy. If the lease itself specifies a specific notice period, that would govern, but the general rule for periodic tenancies is that reasonable notice is sufficient.