tenancy at will
- A tenancy that is established not by written agreement (a lease), but by oral agreement between the parties. Typically, the tenancy is for an unspecified amount of time. Either party may end the tenancy at any time. Rent is often paid weekly or monthly, and such a pattern may imply a minimum term for the tenancy. If so, the tenancy can normally only be terminated at the end of an established interval (for instance, at the end of the week or month).
- noun a situation where the owner of a property allows a tenant to occupy it as long as either party wishes