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tenancy

n. the right to occupy real property permanently, for a time which may terminate upon a certain event, for a specific term, for a series of periods until cancelled (such as month-to-month), or at will (which may be terminated at any time). Some tenancy is for occupancy only as in a landlord-tenant situation, or a tenancy may also be based on ownership of title to the property.

See also: joint tenancy  landlord and tenant  tenancy at sufferance  tenancy at will  tenancy by the entirety  tenancy in common  tenant  title 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications