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tenancy at will

   Also found in: Financial 0.01 sec.

tenancy at will n. occupation of real property owned by another until such time as the landlord gives notice of termination of the tenancy (usually 30 days by state law or agreement) which may be given at any time. A tenancy at will is created by agreement between the tenant and the landlord, but it cannot be transferred by the tenant to someone else since the landlord controls the right to occupy. (See: tenancy)



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Unlike standard business tenancies, a tenancy at will does not attract the statutory provisions which give a tenant security at the end of the lease term.
 
 
 
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