1 The occupancy or possession of land under the terms of a lease; an interest in real estate by virtue of a leasehold. 2 The period of such occupancy or possession. 3Tenancy in tenancy general is any right to hold property, but in a more limited sense it is holding that property in subordination to someone else's title, as in a landlord-tenant relationship. The many types of tenancy include the following: cotenancy. An occupancy or possession held by two or more persons who have unity of poss...