Tenancy-at-Will
Definition
Tenancy-at-Will — Meaning, Definition & Full Explanation
Tenancy-at-Will is a property tenancy that allows either the landlord or the tenant to terminate the agreement at any time, typically without a formal written lease or a specified duration. This flexible arrangement is based on mutual consent for occupancy, where payment is usually periodic but without a fixed-term commitment.
What is Tenancy-at-Will?
A Tenancy-at-Will, also known as an estate-at-will, describes a property occupancy arrangement where a tenant occupies a property with the owner's permission, but without a formal lease agreement that specifies a fixed term. This type of tenancy is characterized by its indefinite duration, meaning either the landlord or the tenant can terminate the agreement at any point