term of years absolute

A 'term of years absolute' is a legal concept in property law, primarily used in England and Wales, to describe a specific type of leasehold estate.

🇺🇸 US Voice:

🇬🇧 UK Voice:

Definition

(formal, legal)A leasehold estate in land held for a fixed period or on a periodic basis, not ending by the occurrence of a specific event.

The tenant held the property under a term of years absolute, ensuring they could stay for the agreed duration.
A term of years absolute provides certainty regarding the length of the lease.

(formal, legal)The lease agreement under which such a leasehold estate is held.

The term of years absolute was clearly defined in the lease agreement.
The lawyer reviewed the term of years absolute to ensure compliance with property laws.

Terms that have similar or relatively close meanings to "term of years absolute":