What is an estate for years and does it require notice to terminate?
Real Estate Exam: Landlord-Tenant Law, Lease Types, Eviction, Security Deposits
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An estate for years is a leasehold estate with a definite beginning and ending date, regardless of the actual duration, which could be days, months, or years. The key characteristic is that both dates are specified in the lease. An estate for years terminates automatically at the expiration date and does not require notice from either party to end. If the tenant remains after expiration without a new agreement, they become a holdover tenant with an estate at sufferance.
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