term of years
A 'term of years' refers to a specified duration for which a lease or estate is held, commonly used in legal contexts regarding property and tenancy.
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Definition
C1Property Law
(formal, legal)A fixed duration during which a lease or estate is held, after which the property reverts to the owner.
Example
- The tenant agreed to a term of years lasting five years.
- Upon the expiration of the term of years, the property will return to the landlord.
C1Contract Law
(formal, legal)A specified period during which a contract or agreement remains in effect.
Example
- The employment contract included a term of years of three years.
- The parties agreed to a term of years to ensure stability in their business relationship.
Similar
Terms that have similar or relatively close meanings to "term of years":
term of years absoluteterm of years determinablekeep termterm outterm limit