tenancy

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Related to tenancies: tendencies, tenancies in common, Tenancies at Will

Tenancy

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)

tenancy

noun holding, holding by title, leasing, occupancy, occupation, ownership, possession, proprietorship, renting, residency, temporary possession, tenure
Associated concepts: joint tenancy, month to month tennncy, tenancy at sufferance, tenancy at will, tenancy by the entirety, tenancy for years, tenancy in common
See also: duration, enjoyment, habitation, inhabitation, ownership, possession, seisin, term, time, use

tenancy

see TENANT.
References in periodicals archive ?
As of 1 April 2013, deposits on new private tenancies must be protected in one of three available schemes.
Mr Asghar said: "The Welsh Government must discover why the number of tenancies in arrears in Caerphilly is more than three times the number in Blaenau Gwent or Merthyr Tydfil.
The Residential Tenancies Amendment Act, 2012 will take effect November 15, 2012.
Original plans considered by Housing Minister Grant Shapps would have limited some tenancies to two years.
Landlords with existing common law tenancies who took a deposit before April 2007 won't be required to protect it until a new tenancy agreement is issued.
The NLA believes that some landlords previously using ASTs could now be choosing to use alternative tenancy agreements, such as assured tenancies, in a move to avoid deposit protection.
The Regulatory Reform (Business Tenancies England and Wales) Order 2003 is the most radical amendment of this legislation since it was introduced 50 years ago.
Currently, tenancies can fall into one of five groups.
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.
In these six holdover proceedings, petitioner moved for summary judgement and a finding that the leases between the parties had expired and the tenancies had terminated.
Consequently, a debtor could theoretically own all of his or her assets as tenancies by the entireties, receive a full discharge, and exit the bankruptcy process with an enormous amount of property.
Tenancies in common can be used to avoid or reduce inheritance tax that might become due on the surviving partner's estate.