| 释义 |
term of years
(term for years) An interest in land that subsists for or by reference to some specified period of time. It includes interests subsisting for less than a year (e.g. a lease for six months) and periodic tenancies (e.g. a weekly, monthly, or yearly tenancy determinable by notice to quit). It can also include time-share agreements, e.g. of one specified week in each of a number of years. The commencement date and maximum duration of the term must be identifiable before the lease takes effect. See also term of years absolute. |