Real Estate Council of Alberta Fundamentals Practice Exam

What must tenants provide when terminating a yearly tenancy?

1. Two months' notice

2. Three months' notice

3. Ninety days' notice

4. Sixty days' notice

The correct answer is: Ninety days' notice

When tenants decide to terminate a yearly tenancy, they must provide ninety days' notice to their landlord. This requirement is in place to ensure that both parties have adequate time to make necessary arrangements. For the tenant, it allows for enough time to find a new place to live, while for the landlord, it offers a chance to locate new tenants and manage the property accordingly. This notice period aligns with standard practices for yearly lease agreements, reflecting the longer-term nature of such tenancies compared to month-to-month arrangements, which typically require less notice. The requirement for a ninety-day notice period is designed to provide stability and predictability in rental agreements, making it clear to all involved the expectations surrounding lease termination. Thus, the understanding of this rule is critical for both tenants and landlords in maintaining good tenancy practices and complying with legal standards.