Meaning of “tenancy” in the English Dictionary

"tenancy" in British English

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tenancynoun

uk /ˈten.ən.si/ us /ˈten.ən.si/

(Definition of “tenancy” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"tenancy" in Business English

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tenancynoun

uk /ˈtenənsi/ us 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.
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

(Definition of “tenancy” from the Cambridge Business English Dictionary © Cambridge University Press)