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Real Estate Jargons on your Fingertips: Tenancy

When you are looking for an ideal home to live and you go to a real estate agent or a broker or even a builder, they might use jargons which you might not know.

But we give you a solution!!

Read this space every Tuesday & Wednesday for Real Estate Jargons.

Tenancy

  • Strictly speaking, the interest of a person holding property by any right or title.
  • More usually, an arrangement, whether by formal lease or informal agreement, whereby formal lease or informal agreement, whereby the owner (the landlord) allows another (the tenant) to take exclusive possession of land in consideration for rent, with or without a premium, either:
    • for an agreed period of
    • on a periodic basis until formally terminated

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