Property Ownership

What is a 'tenancy for years' (estate for years) in Delaware?

AA tenancy that must last for at least one year
BA leasehold estate with a specific beginning and ending date, terminating automatically without notice✓ Correct
CAn estate that gives the tenant ownership rights after a specified period
DA tenancy granted only to long-term residents of 5 or more years

Explanation

A tenancy for years (estate for years) is a leasehold with a definite beginning and ending date, which terminates automatically on the ending date without any notice required. It may be for any period — one month, six months, one year, or more.

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