Business, Legal & Accounting Glossary
A statutory tenancy is any lease which has remained in effect, with or without the consent of the landlord, after the original tenancy agreement has expired. There was a time when a statutory tenancy could continue indefinitely, whether the landlord wished to recover the property or not. Under modern legislation, however, rights of statutory tenants are much reduced. See statutory protection from eviction.
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This glossary post was last updated: 7th April, 2020 | 0 Views.