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Tenancy
(redirected from tenancies)

   Also found in: Dictionary/thesaurus, Wikipedia 0.03 sec.

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.

Cross-references

Landlord and Tenant.


tenancy n. the right to occupy real property permanently, for a time which may terminate upon a certain event, for a specific term, for a series of periods until cancelled (such as month-to-month), or at will (which may be terminated at any time). Some tenancy is for occupancy only as in a landlord-tenant situation, or a tenancy may also be based on ownership of title to the property. (See: title, tenancy by the entirety, tenancy in common, joint tenancy, tenancy at sufferance, tenancy at will, tenant)


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Partridge is an insightfully informative introduction to the physical and emotional maturing of children and the gradual, inevitable loss of the general childish tenancies.
Not surprisingly, 72-76 Greene Street traded swiftly, as some of the tenancies were rented at below market levels and the residential lofts fell under rent stabilization; both factors give the new owner an opportunity to maximize the value of the buildings.
For post-1976 spousal joint tenancies treated as separate property, since only the decedent's 50 percent portion is includible in his gross estate, only a 50 percent step-up would be available.
 
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