tenancy Meaning in the Cambridge English Dictionary
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Meaning of “tenancy” in the English Dictionary

"tenancy" in British English

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tenancynoun

uk   us   /ˈten.ən.si/
[C or U] the ​right to use ​land or ​live in a ​building in ​exchange for ​rent [C] the ​period of ​time for which you have the ​right to use a ​building or ​piece of ​land: a two-year tenancy
(Definition of tenancy from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"tenancy" in Business English

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tenancynoun

uk   us   /ˈtenənsi/ (plural tenancies) LAW, PROPERTY
[C or U] a ​legalarrangement in which someone has the ​right to ​live in or use a ​building or ​landowned by someone else in ​exchange for ​payingrent 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 ​lawallowspublichousingagencies to ​terminate the tenancy of any ​resident who ​engages in ​criminalactivity on or off the ​premises. a tenancy ​agreement/​law/​contract In such ​cases, the ​tenantsurrenders 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 ​payingrent to the ​owner: a long-term/fixed-term tenancy a three-month tenancy
(Definition of tenancy from the Cambridge Business English Dictionary © Cambridge University Press)
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