tenancy

1. Possession or occupancy of lands, buildings, or other property by title, under a lease, or on payment of rent.
2. The period of a tenant's occupancy or possession.
3. A habitation held or occupied by a tenant.

1. Right of possession of real property.

2. Right to possess an Estate, whether by Lease or by Title.

3. Holding in subordination to another's title, as in the landlord-tenant relationship. See also Joint Tenancy; Tenancy in Common.

A License to use or occupy lands and buildings at the will of the owner. The tenant may decide to leave the property at any time or must leave at the landlord's will. Agreement may be oral or written. See also Emblements.
Example: Under an oral agreement, Abel is using Baker's property. Baker may ask Abel to leave at any time; Abel may leave at any time.

Occupation by one with less than a fee interest in property, e.g., a tenancy for life, or a tenancy for a term of years. The latter type of tenancy usually is created by lease.

A situation that arises when one individual conveys real property to another individual by way of a lease. The relation of an individual to the land he or she holds that designates the extent of that person's estate in real property.

A tenancy is the occupancy or possession of land or premises by lease. The occupant, known as the tenant, must acquire control and possession of the property for the duration of the lawful occupancy. A tenancy can be created by any words that indicate the owner's intent to convey a property interest on another individual.

See: landlord and tenant.