tenancy
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 reviewed in August of 2021 by the Wex Definitions Team]
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