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A periodic tenancy without a lease for agricultural and grazing land is assumed to run for how long?

  1. Three months

  2. Six months

  3. One year

  4. Indefinitely until terminated by either party

The correct answer is: One year

A periodic tenancy without a lease for agricultural and grazing land is assumed to run for one year. This is because when there is no written lease, the tenancy is considered to be periodic, meaning it automatically renews at the end of each period. For agricultural and grazing land, the period typically runs for one year. Option A and B are incorrect because three months or six months is too short of a period for agricultural and grazing land. Option D is incorrect because even though a periodic tenancy can be terminated by either party, there is typically a specified duration for the tenancy.