Tenancy At Will Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Tenancy At Will, written in plain English, along with examples of how it is used.
What is Tenancy At Will?
It is the ownership of the real estate property till such time that either the tenant or the owner(landlord) gives notice of vacating the property with sufficient time ( considered sufficient by authorities; normally 30 days). Tenancy at will happens normally in the absence of the lease or when some family member is staying on the property. Tenancy at will ceases to be effective when either landlord or tenant dies or landlord has shown his interest in the property or that the landlord has sold the property to someone else or that tenant is not utilizing the property.
History and Meaning of Tenancy At Will
Tenancy At Will is a type of agreement between a landlord and tenant where the tenant is given the right to occupy a property for an unspecified period as long as the landlord agrees. There is no specific period or end date for Tenancy at will, but it can be terminated by either party with reasonable notice to the other.
The primary characteristic of Tenancy At Will is that it lacks a clear and specific term of occupancy. The agreement is usually made orally and not in writing, which means that the terms are open to interpretation unless the court steps in to make a ruling.
Examples of Tenancy At Will
Here are some examples of Tenancy At Will that can help you understand the concept better:
Jane rents a room from John and moves in without any written lease or agreement. John and Jane agree that Jane can stay as long as she wants, as long as she pays the rent on time.
Tom runs an antique shop and rents a storage room in the same building from Mr. Smith, the building's owner. There is no written agreement between them, but Tom has been paying rent each month for the last five years.
Mark inherits a house from his grandfather but is not interested in living there. He moves into the house with his wife and children until they find a home to buy. The family doesn't have a lease or contract with the estate administrator but has been given permission to stay until they move out on their own.
Legal Terms Similar to Tenancy At Will
Here are some legal terms similar to Tenancy At Will that you may come across:
Holdover tenancy: When a tenant who was renting with a specific lease term stays beyond that term without signing a new lease, they're categorized as being in a holdover tenancy.
Periodic tenancy: A type of lease where the tenant agrees to pay rent on a regular basis (weekly, monthly, quarterly, etc.) for an open-ended lease without a specific end-date.
Estoppel: A legal principle that prohibits a person from denying facts or rights that they had previously acknowledged as true. In the context of a lease, it can be used to establish that an agreement between the landlord and tenant exists or that a tenant has the right to occupy a property.