Examples of tenancy in a Sentence
He was granted tenancy of the farm.
During his tenancy, he tried to make as many improvements as he could.
Recent Examples of tenancy from the Web
According to the suit, Galindo told the 26-year-old that she was required to show him both a letter from her doctor and an ultrasound at the time of her tenancy.
After Hefner's tenancy ends, a representative for Metropoulos told the Wall Street Journal that the buyer intends to combine the estate with his own property for a 7.3-acre compound.
Undoubtedly, tenancy within the hospital is of vital importance to certain practices, which likely will remain located in medical campuses.
For your own documentation, review your personal records to assemble a history of your tenancy.
Other lease addendum items might be a requirement that tenants agree to submit to the association’s disciplinary jurisdiction as a condition of their tenancy, and owners are responsible for the acts of the owner’s tenants.
Kerckhoff was a partner in a business that supplied ice to Santa Fe rail cars, which led to the railroad's tenancy in the building, historian Greg Fischer said.
Bart's future plans are his own business, just as his tenancy in your home is your business.
According to this method, even if a shopping center has solid tenancy and cash flow, its value is affected by low vacancy and store closings in the surrounding area.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'tenancy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of TENANCY
What It Is
Joint tenancy is an arrangement in which two or more individuals occupy a property. Participating tenants each share equally in the rights and responsibilities related to the property.
How It Works
If multiple individuals rent or purchase a property for work or living, each tenant carries joint and several liability in connection with the property. This means that each tenant potentially carries full responsibility for the property in the absence of his or her cohabitants.
For example, suppose two friends, Bob and Jack, rent an apartment together to reduce living expenses. As joint tenants, Bob and Jack are each responsible for paying rent and applicable utilities for the apartment. If Jack leaves without notice and becomes unreachable, any lapse in payments falls solely on Bob.
Why It Matters
Under joint tenancy, all property rights and responsibilities transfer directly to the remaining tenants in the event that one of the tenants dies or becomes unavailable. If the joint tenants own the property, this transfer occurs without probate.
What It Is
Tenancy at will is a legal term describing an arrangement whereby a tenant occupies a piece of property with the permission of the property owner.
How It Works
Let's say John Doe is a bachelor trying to make it in Hollywood. He meets Bob Smith, who is a celebrity with a big house. Mr. Smith has a guesthouse that he's willing to let John Doe stay in for "a while." John Doe is a tenant at will, meaning he's there for as long as Mr. Smith lets him stay -- there is no definite rental period or even a regular rent schedule.
If either party wants to change the deal, they can do so, though giving reasonable notice is usually warranted. Though our example is with unrelated parties, tenancy at will commonly occurs among family members.
Tenancy at will usually terminates when the owner of the property dies, the tenant dies or the owner sells the property.
Why It Matters
Landlords can terminate a tenancy at will anytime, which means that tenants are often better served by having a written lease that sets the expectations for how long the tenant can stay and what the rent payment will be, if any.
The advantage of tenancy at will, however, is that both parties have tremendous flexibility to change the arrangement quickly without breaking a contract.
TENANCY Defined for English Language Learners
Definition of tenancy for English Language Learners
: the right to use another person's property (such as land, a house, etc.) for a short period of time
: the amount of time during which you are allowed to use another person's property
: the state or fact of owning property (such as land, a house, etc.)
legal Definition of tenancy
- liable for payment of rent in a holdover tenancy
- a right to sever the joint tenancy
- property subject to a tenancy by the entirety cannot be encumbered by one tenant acting alone
- —Mays v. Brighton Bank, 832 S.W.2d 347 (1992)
Seen and Heard
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