Which statement best describes an estate that has no fixed term?

• A. Has no specified term
• B. Always in writing
• C. For greater than one year
• D. Ends upon sale of property

Answer: (A)

An estate with no fixed term means the duration isn’t set to end on a specific date or after a defined period; it runs open-ended until one party takes action to end it. In practice this describes arrangements like a tenancy at will or a periodic tenancy where there isn’t a predetermined end date. The key idea is that the term is not specified.

Therefore, the best description is that the estate has no specified term. The other statements aren’t accurate descriptors of an indefinite term: a lack of fixed term doesn’t imply the agreement must be written; the term could still be longer than a year in some situations if governed by a periodic tenancy, and the sale of the property does not automatically terminate such an estate.