tenancy
noun
LAW, PROPERTY uk/ˈtenənsi/ usplural tenancies [ C or U ]
a legal arrangement in which someone has the right to live in or use a building or land owned by someone else in exchange for paying rent to its owner:
grant/give/create a tenancy Some farmers have been granted tenancies which allow them to diversify for non-agricultural purposes.
terminate/sever/renew a tenancy Federal law allows public housing agencies to terminate the tenancy of any resident who engages in criminal activity on or off the premises.
a tenancy agreement/law/contract
In such cases, the tenant surrenders his right of tenancy.
[ C ]
a particular period of time during which someone lives in or uses a building or land belonging to someone else in exchange for paying rent to the owner:
a long-term/fixed-term tenancy
a three-month tenancy
See also
assured tenancy