An estate in land which must expire at a period certain, fixed in advance. It is an interest arising from an agreement or contract for the possession of lands or tenements for some definite period.
An estate for years, also known as a term of years tenancy, is an estate in land that has a fixed duration agreed upon in advance. This estate arises from a contract or agreement granting possession of land or tenements for a specific, definite period. The term can be any length of time, from days to years, and the estate automatically expires at the end of the term without the need for further action by either party. The following examples and case studies illustrate the concept and implications of an estate for years in various legal contexts:
These cases further demonstrate the application and implications of estates for years in legal proceedings:
For more detailed information, see our related Wills Trusts And Estates terms: