Tenancy At Will
Definition of "Tenancy at will"
Tenancy that may be terminated by one party- the tenant or the landlord- at any time. The agreement may be in writing or oral. For example, Jack has an oral agreement to use Christine's property. Christine may ask Jack to vacate the premise at any time; Jack may also vacate at any time.
Popular Real Estate Terms
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The right and duties of using and holding property. ...
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Use of other people's money (OPM) in an attempt to maximize the return but at high risk. The use of leverage in real estate investing is a way to maximize yield on a small down payment. ...
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Capitalization rate used to convert the expected income derived from a property into its estimated asset value. The estimated asset value may be computed by dividing the annual income ...
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