What type of estate is created under a Tenancy for Years?

A tenancy for years refers to a lease agreement that has a fixed duration, typically specified by a start date and an end date. This type of arrangement does not convey ownership of the property but rather grants the tenant the right to use and occupy the property for a predetermined period in exchange for rent.

This characteristic aligns with a non-freehold estate since non-freehold estates are generally associated with leasehold interests where the tenant does not have ownership rights beyond the terms of the lease. In a tenancy for years, the estate is limited to the duration specified in the lease agreement.

Freehold estates, in contrast, involve ownership that is not limited in time (such as fee simple or life estates). Leasehold estates do describe a tenant's interest, however, they encompass a broader category of rental agreements than just a tenancy for years. A life estate specifically pertains to an ownership interest that is limited to the lifetime of a designated individual, separate from lease agreements.

In summary, a tenancy for years clearly fits the definition of a non-freehold estate, as it describes a rental agreement with a specific time frame while not involving the ownership of the property itself.