What type of tenancy is created when a landlord and tenant agree on a specific duration for a lease?

When a landlord and tenant agree on a specific duration for a lease, the result is a tenancy for years. This type of tenancy is characterized by a fixed term that has a set beginning and end date. It can be any duration, such as months or years, and does not automatically renew once it ends. The parties involved have a clear understanding of the length of time the tenant has the right to occupy the property, which provides both security for the tenant and assurance for the landlord regarding the rental income.

In contrast, a periodic tenancy is typically established by agreements that renew automatically after a certain period, such as monthly or yearly, without a defined endpoint. A tenancy at will allows a tenant to occupy the premises without a fixed duration, meaning it can be terminated at any time by either party. Joint tenancy refers to ownership of property by two or more individuals, with rights of survivorship, which does not relate to lease agreements.

Thus, tenancy for years is the most appropriate term for a lease with a specific duration, highlighting the agreement's fixed and clear nature.