What is a tenancy for years?

A tenancy for years is defined as a lease agreement that lasts for a specific and definite period of time, which could range from a few days to several years. This type of tenancy is characterized by its clear start and end dates, providing both the landlord and tenant with certainty regarding the duration of the tenancy. Because of this fixed time frame, neither party needs to provide advance notice to terminate the agreement at the end of the lease term; the tenancy automatically concludes when the specified period expires.

This clarity differentiates a tenancy for years from other types of tenancies, such as periodic tenancies, which require notice for termination, or tenancies at will, which can be terminated by either party at any time. Understanding this distinction is crucial for both landlords and tenants when negotiating lease agreements and managing rental properties.