Tenancy Agreement
The tenancy agreement is a contract between a tenant and a landlord. It may be written or oral. The tenancy agreement gives certain rights to both tenant and landlord, for example, tenant's right to occupy the accommodation and the landlord's right to receive rent for letting the accommodation. Click to view our Rental/ Lease Agreement.

Tenants
One who holds or possesses property by any kind of right One who holds a tenancy in property; specifically One who possesses property in exchange for payment of rent.

Tenancy at will
A rental agreement that may be terminated "at the will" of either landlord or tenant. Typically an unwritten agreement may require a brief period of notice of termination.

Tenancy at sufferance
A tenant who has no right to occupy the premises, but is tolorated by the landlord and may be terminated at the will of the landlord. Payment of rent by the tenant transforms the tenancy into an "at will" tenancy.

Tenancy for year to year
A written lease with a term of at least one year. If there is no expiration date, the lease may require a notice of termination of one to three months.

Tenancy from month to month
A written lease with a term of less than one year. Termination typically requires a one month notice.

Tenancy from week to week
A written or unwritten lease, characterized by payment of rent on a weekly basis, which typically requires a one week notice of termination if there is no designated expiration date.

Term
The length of the agreement. This is usually set up in one of two ways; either as an automatically renewing term (monthly for example) or for a specified amount of time (January 1 2007 until January 1 2008 for example).

Tenants in Common
Tenants in common hold title to real or personal property so that each has an "undivided interest" in the property and all have an equal right to use the property. Tenants in common each own a portion of the property, which may be unequal, but have the right to possess the entire property.

Title Guaranty
Title guaranty is also referred to as title insurance. Title insurance is a policy issued by an insurance company guaranteeing that the title to a parcel of real property is clear of any claims or liens and properly in the name of the title owner and that the owner has the right to sell or otherwise transfer the property to another.

Townhouse
A house that is one of a row of identical houses situated side by side and sharing common walls.

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