Legal Definitions - entire tenancy

Tenancy refers to the possession or occupancy of land or property under a lease or conveying instrument such as a deed or will. It can also refer to the period of such possession or occupancy.

• Periodic tenancy: A tenant rents an apartment on a month-to-month basis. The lease automatically renews each month unless terminated by either party with proper notice.
• Tenancy in common: Two siblings inherit a house from their parents and each owns a 50% undivided interest in the property. They have equal rights to possess the entire property but no right of survivorship.
• Tenancy at will: A landlord allows a friend to stay in their spare room without a formal lease or fixed terms. The tenancy can be terminated by either party at any time with fair notice.

These examples illustrate different types of tenancy arrangements and their characteristics, such as fixed duration, joint ownership, and termination rights.