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Tenancy For Years
Tenancy for years refer to a lease interest for a fixed term, such as 3 months, 3 years, 30 years, etc.
The start and end date is specifically stated with no implied option of renewal.
When a tenant has a tenancy that states the commencement ad termination date, it is a tenancy for years.
While the term periodic tenancy might be more appropriate in describing such contracts, the industry has stuck with the term tenancy for years.
People often confuse tenancy for years with tenancy at will. They are not the same.
In most states, tenancy for years has to be expressly written for tenancies for more than 1 year.
And if a tenant continues to use the property after termination of the lease, he is considered a holdover tenant or what we call a tenant in sufferance.
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