A 'statutory' jelentése jogszabály szerinti, jogszabályban előírt, törvényi szabályozásban előírt, stb. Sajnos nincs rá egyszavas megfelelő.
A 'periodic tenancy' olyan bérleti jogviszony, amely egyéb megállapodás hiányában egyenlő időszakonként (többnyire havonta, esetleg évente, vagy akát hetente) automatikusan megújul mindaddig, amíg írásos felmondással azt a felek egyike meg nem szünteti. Az időszak hosszáról többnyire a felek állapodnak meg, ennek hiányában leggyakorabban havonta újulnak meg az ilyen bérletek (jogszabályok szerint). A kérdéses kifejezésben a 'statutory' arra utal, hogy az ilyen típusú bérleti jogviszony egyrészt külön írásos megállapodás nélkül is létrejön a jogszabályi előírások szerint, másrészt arra, hogy az ilyen bérlet törvényesen előírt felmondási idővel adott felmondási értesítéssel szűntethető meg. Az USA-ban a bérleti jogviszonyokra és a felmondási időre vonatkozó jogszabályi előírások államonként eltérőek.

-"A periodic tenancy, also known as a tenancy from year to year, month to month, or week to week, is an estate that exists for some period of time determined by the term of the payment of rent. An oral lease for a tenancy of years that violates the Statute of Frauds (by committing to a lease of more than — depending on the jurisdiction — one year without being in writing) may actually create a periodic tenancy, depending on the laws of the jurisdiction where the leased premises are located. In many jurisdictions the "default" tenancy, where the parties have not explicitly specified a different arrangement, and where none is presumed under local or business custom, is a month-to-month tenancy.
Either the landlord or the tenant may terminate a periodic tenancy at any time by giving the notice to the other party as required by statute or case law in the jurisdiction. Typically, the landlord must give six months' notice to terminate a tenancy from year to year. Tenants of lesser durations must typically receive notice equal to the period of the tenancy - for example, the landlord must give a month's notice to terminate a tenancy from month to month. However, many jurisdictions have varied these required notice periods, and some have reduced them drastically. For jurisdictions that have local rent control laws, a landlord's ability to terminate a residential tenancy is substantially reduced. For example, in California, the cities of Los Angeles, Santa Monica, West Hollywood, San Francisco, and Oakland have "rent stabilization ordinances" that limit a landlord's ability to terminate a periodic tenancy, among other restrictions.
The notice must also state the effective date of termination, which, in some jurisdictions, must be on the last day of the payment period. In other words, if a month-to-month tenancy began on the 15th of the month, in a jurisdiction with a last day requirement the termination could not be effective on the 20th of the following month, even though this would give the tenant more than the required one month's notice."

- "When no specific ending date for a lease is defined, but there is an agreed-upon term, such as month-to-month for occupancy, this is known as periodic tenancy or estate from period to period. In real estate, this is one type of leasehold estate
The owner or landlord and tenant agree to certain rights and obligations for these periods, but do not specify an ending date, so it's an indefinite period of tenancy. Since no ending date is specified, notice per the agreement must be given for termination and vacancy."

- "Tenancy for successive periods of equal duration."

- "A lease which automatically renews itself. The period for legal notice is established by statute in each state, or can be agreed upon as one of the terms of the lease (15 days in Utah)."

- "A tenancy arrangement that continues on a week-to-week or month-to-month basis with no clear termination date fixed. This sometimes occurs when a tenant continues to occupy a dwelling after the end of a lease."