In real estate law, an Estate for Years is a leasehold interest that lasts for a specific, definite period of time. The term of the estate is clearly defined by a beginning and ending date, and it does not require notice to terminate because it automatically ends when the stated term expires.
Estates for years are commonly created by written lease agreements for residential or commercial property. During the lease term, the tenant has the right to possession and use of the property according to the lease terms, while ownership remains with the landlord.
