An interest in land for a definite period of time is called a

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An interest in land for a definite period of time is referred to as a "term." This is often used interchangeably with the term "lease," which refers to the legal agreement between a landlord (or lessor) and a tenant (or lessee) for the use of a property. A leasehold interest refers to the tenant's rights and responsibilities under the lease agreement itself. However, a periodic tenancy refers to a lease agreement that renews automatically after a certain period of time (such as month-to-month).

An Interest in Land for a Definite Period of Time