- 1. [countable, uncountable] an agreement which gives someone the right to use a building, land etc for which they have paid rent:
• The amount of rent you have to pay will depend on the type of tenancy you have.
• a tenancy agreement
• We are applying for a new tenancy of the premises.an arrangement between a landlord and a tenant in which the tenant agrees to rent the landlord's property until a particular date, and the landlord agrees not to make them leave before that date2. [countable] the period of time that someone rents a building, land etc:
• a six-month tenancy
• When does the tenancy expire?
* * *tenancy UK US /ˈtenənsi/ noun (plural tenancies) LAW, PROPERTY► [C or U] a legal arrangement in which someone has the right to live in or use a building or land owned by someone else in exchange for paying rent to its owner: grant/give/create a tenancy »
Some farmers have been granted tenancies which allow them to diversify for non-agricultural purposes.terminate/sever/renew a tenancy »
Federal law allows public housing agencies to terminate the tenancy of any resident who engages in criminal activity on or off the premises.»
a tenancy agreement/law/contract»
In such cases, the tenant surrenders his right of tenancy.► [C] a particular period of time during which someone lives in or uses a building or land belonging to someone else in exchange for paying rent to the owner: »
a long-term/fixed-term tenancy»
a three-month tenancy
Financial and business terms. 2012.