Information AboutLeasehold |
|
The term estate for years may occassionally be used. This refers to a Leasehold estate for ''any'' specific period of time (the word "years" is misleading). An estate for years is not automatically renewed. Colloquially, a "lease" is often a formalization of a longer, specific period as compared with a "'''rental'''" that created a Tenancy At Will , terminable or renewable at the end of a short period. See also
|