Estate for Years

An estate for years is a type of leasehold estate in real property law. It is a tenancy for a specific and fixed period of time, as opposed to a tenancy at will or a tenancy at sufferance. The tenant is entitled to possession of the property for the duration of the lease, but the property reverts back to the landlord at the end of the lease term. The lease agreement can be in written or oral form, and the terms of the lease such as the duration, rent, and maintenance responsibilities are agreed upon by both parties. Estates for years are also known as “fixed-term tenancies.”