What is a usual lease limit for tenancy for years?

Question

Quizplus · Accepted Answer

A tenancy for years, also known as a term of years or fixed-term tenancy, does not have a specific maximum duration under common law. However, a common practice, especially in commercial leases, is to set the term at 99 years. This duration is often chosen for its practicality in estate planning and development financing, balancing the interests of lessors and lessees while avoiding the complexities of perpetual or extremely long-term leases.

What Is a Usual Lease Limit for Tenancy for Years