A tenancy at will is a tenancy without a predetermined duration for the tenancy. Either party can terminate this tenancy at any time.
landlord & tenant
tenancy by the entireties
See: tenancy by the entirety.
[Last updated in August of 2021 by the Wex Definitions Team]
tenancy by the entirety
Tenancy by the entirety is a type of shared ownership of property recognized in most states, available only to married couples. Much like in a joint tenancy, spouses who own property as tenants by the entirety each own an undivided interest in the...
tenancy for years
A lease for a fixed period of time. For a tenancy for years lease, no notice is needed for termination, the lessee knows the termination date from the outset of the lease.
tenancy in common
A tenancy in common (TIC) is one of three types of concurrent estates (defined as an estate that has shared ownership, in which each owner owns a share of the property). The other two types are a joint tenancy and a tenancy by the entirety. A TIC...
tenant
A tenant is a person or entity who temporarily occupies or possesses real estate that belongs to a landlord.
See also: lease, and landlord-tenant law.
[Last updated in August of 2021 by the Wex Definitions Team]
tenants in common
See: tenancy in common.
[Last updated in August of 2021 by the Wex Definitions Team]
tenement
Tenement most often is used to refer to property involved in an easement. The property benefiting from the easement is called the dominant tenement, and the property granting the easement is called the servient tenement.
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tenure
Tenure, in the legal sense, refers to the medieval arrangements of land use between lords and tenants where the tenants provided service in exchange for use of the land. Today, tenure can sometimes refer broadly to a person’s right to use...
term
Term may refer to a specific set of time that something occurs or takes effect, a specified period of time that is established either by the law to exercise a right or by agreement to set the duration of a contract.
Legislatures,...