Term of years

{
  "id": "MLC-T-LAW-004882",
  "term": "Term of years",
  "field": "Law",
  "definition": "A leasehold estate for a fixed and ascertainable period of time, regardless of its actual duration. This estate automatically terminates at the end of the specified period without the need for notice from either the landlord or the tenant. It is a common form of residential and commercial lease agreement.",
  "see_also": [
    "tenancy for years"
  ],
  "url": "https://mlchart.com/terminology/law/term-of-years/"
}