A lease that has a fixed termination and can last for any definite time period is known as what?

A lease that has a fixed termination date and lasts for a definite period of time is classified as an estate for years. This type of lease agreement establishes a specific start and end date, providing clarity for both the landlord and tenant regarding the duration of tenancy.

One of the key characteristics of an estate for years is that it automatically terminates at the end of the specified period without the need for notice from either party. This simplification of ending the lease makes it distinct from other lease types, allowing for easier planning and management.

In contrast, other types of estates, such as an estate at will or an estate at sufferance, do not have fixed termination dates. An estate at will can be terminated at any time by either party, while an estate at sufferance occurs when a tenant remains in possession of the property after the lease has expired, without the landlord's consent. The leasehold estate term encompasses different types of leases but does not specify that they have fixed terms, making the distinction important for understanding lease classifications.