What is an estate for years?

An estate for years refers to a specific type of lease agreement that is established for a predetermined and defined duration. This duration can vary widely, ranging from days to years, but what sets it apart is its clarity regarding the start and end dates. The key characteristic of an estate for years is that it does not require any notice to terminate the lease; it automatically ends when the agreed-upon time expires.

This specific time frame distinguishes it from other types of leases, such as those that are indefinite or require notice to terminate, making the term's clarity critical for both landlords and tenants. Knowing the exact timeline allows both parties to plan accordingly and protects their interests throughout the duration of the lease.