A tenancy is a right that a tenant has to temporarily occupy or possess a real estate that belongs to a landlord, commonly under a lease.
There are different types of tenancies, like periodic tenancy, tenancy at will, and a month-to-month tenancy.
See also: tenancy in common, joint tenancy, and tenancy by the entirety.
[Last updated in August of 2021 by the Wex Definitions Team]