What type of leasehold does a tenant have if they signed a 15-month lease and continued to pay rent after it expired?

A tenant who signed a 15-month lease and continued to pay rent after the lease expired has established a periodic tenancy. This situation occurs when the tenant remains in possession of the property after the expiration of a lease term and continues to pay rent, which the landlord accepts. The acceptance of rent signifies that a new lease agreement, although not formally documented, has begun on a periodic basis, typically month-to-month.

In this case, since the original lease was for a specified duration (15 months), when that period ended, the ongoing payment of rent turns the relationship into a periodic tenancy. This type of tenancy allows the tenant to remain in the property while providing flexibility for both parties, as either can terminate the arrangement with proper notice. Understanding this concept is crucial, as it reflects common real-world landlord-tenant relationships beyond the initial lease agreement.