An estate from period to period is characterized by which feature?

An estate from period to period, also known as a periodic tenancy, is characterized primarily by its automatic renewal feature. This type of lease continues for successive periods (such as month-to-month or week-to-week) until either the landlord or the tenant gives notice to terminate. This means that unless one party provides proper notice to end the tenancy, the lease automatically renews at the end of each rental period.

This trait of automatic renewal distinguishes periodic tenancies from fixed-term leases, which have a defined start and end date. Additionally, while a periodic tenancy can indeed be terminated by either party with appropriate notice, the defining characteristic is the continuous nature of the lease until an action is taken to end it, which includes the landlord or tenant providing notice.

So, option B accurately captures the essence of an estate from period to period, reflecting its ongoing nature until a termination notice is given.