- The occupancy or possession of land under the terms of
a lease; an interest in real estate by virtue of a leasehold.
- The period of such occupancy or
Tenancy in general is any right to hold property, but in a more limited sense
it is holding that property in subordination to someone else’s title, as in a
landlord-tenant relationship. The many types of tenancy include the following:
An occupancy or possession held by two or more persons who have unity of possession. See
A tenancy with two or more tenants having identical interests
and who take over simultaneously by the same instrument and having the same
right of possession, along with the right of survivorship to the share of the
other. In some states, that must be expressly conveyed. See also unities
A tenancy that automatically continues for repeated consecutive
periods of time, be it month to month or year to year, unless notice of
termination is given at the end of a period. This is typified in a metropolitan
apartment building’s lease.
tenancy at sufference (holdover tenancy)
This tenancy arises when one who had
lawful possession of property remains wrongfully and continues to occupy that
property after her legal term has expired. This usually takes the form of a periodic tenancy
or a tenancy
See also holdover
tenancy at will
A tenancy where no formal terms for rent or duration exist, but
the person holds possession with the landlord’s consent. This type of tenancy
may be terminated by either tenant or landlord upon fair notice being given.
tenancy by the entirety
The joint ownership of property by husband and wife
when a single instrument conveys the property to both; an indivisible interest
in real property held by a married couple.
tenancy for a term
A tenancy whose duration is specified in days, weeks,
months, or years from its creation.