Which of the following is a characteristic of Tenancy at Sufferance?

Tenancy at Sufferance occurs when a tenant remains in possession of a property after the lease has expired without the landlord's consent. In this situation, the tenant continues to occupy the property but does not have a formal lease agreement, making it a unique circumstance where the tenant is technically a holdover tenant.

Choosing the option that states the tenant pays rent but does not have a lease accurately captures the essence of Tenancy at Sufferance. While the tenant may be paying rent, the absence of a lease underscores their precarious position. They are technically trespassers since they do not have the legal right to be there; however, the landlord’s acceptance of rent can imply some level of implicit agreement.

The other options discuss scenarios that do not define Tenancy at Sufferance accurately. For example, a tenant leaving before the lease ends describes a different situation altogether, typically related to early termination of the lease. Immediately evicting a tenant can vary based on state laws and circumstances surrounding the lease's expiration. Similarly, needing to renew a lease does not pertain to Tenancy at Sufferance, as the concept revolves around what occurs after a lease ends rather than before or the renewal processes.