tenancy at will

tenancy at will definition - finance
A situation in which a person occupies real estate with the permission of the owner for an unspecified term. Tenancy at will could occur through a verbal lease or during the time a lease is being negotiated. The laws governing landlords and tenants apply in this circumstances.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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