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Tenancy at Will
A rental agreement in which either the landlord or the tenant can terminate the lease at any time with sufficient notice, without cause.
Terminate the Tenancy
The legal process of ending a rental agreement or lease, either by the landlord or the tenant, under terms specified by the agreement or law.
Life Estate
An interest in land that exists only for the duration of the life of a specified individual, usually the holder of the estate.
Fee Simple Owner
The highest form of property ownership, providing full rights to the land and its structures.
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