| 释义 |
term of years absolute
A leasehold estate in land: a term of years that may or may not be brought to an end by notice, forfeiture, or any other event except the death of any person. Thus a lease “to X for 25 years if Y shall so long live” is not a valid term of years absolute. Under the Law of Property Act 1925 a term of years absolute can exist as a legal estate provided it is created in the required manner, i.e. by deed in the case of a term of three years or more. Note that some legal leases may not create a term of years (Bruton v London and Quadrant Housing Trust [2000] 1 AC 406 (HL)). See contractual tenancy. |