What characterizes an estate for years?

An estate for years is characterized by having a defined end date, which sets it apart from other types of leases. In this arrangement, the tenant has exclusive possession of the property for a specified period, which is clearly outlined in the lease agreement. This unique aspect provides both the landlord and the tenant with a mutual understanding of the timeframe of occupancy, allowing for reliable planning and management of the property.

The established end date negates any ambiguity about the lease's duration, differentiating it from other tenancy arrangements that may operate on a more flexible or indefinite basis. This certainty is essential for both parties since it aligns expectations and responsibilities throughout the term of the lease.