Warning
Info
Warning
Info
Simple English definitions for legal terms
Tenancy at Will
Read a random definition: golden handshake
A quick definition of Tenancy at Will:
A tenancy at will is a type of rental agreement where there is no set time for how long the tenant will stay. This means that either the tenant or the landlord can end the agreement at any time, without needing a specific reason. It's like borrowing a toy from a friend, but either of you can decide to take it back whenever you want.
A more thorough explanation:
Definition: A tenancy at will is a type of rental agreement where there is no set end date. This means that either the landlord or the tenant can end the agreement at any time, without giving a reason.
Example: John rents a room from his friend, Sarah. They agree that John will pay rent every month, but there is no set end date for the rental agreement. This means that either John or Sarah can end the agreement whenever they want, without having to give a reason.
Explanation: This example illustrates a tenancy at will because there is no set end date for the rental agreement. John and Sarah can end the agreement whenever they want, without having to give a reason. This type of agreement can be useful for short-term rentals or situations where the landlord or tenant may need to end the agreement quickly.