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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