Lease

A rental agreement between a landlord and a tenant that lasts for an agreed period of time
A lease must include a property’s description, the date the lease expires, the price of the rent, and the landlord’s signature. Even though it is common practice for both the tenant and landlord to sign a lease, the lease is legally binding if only the landlord signs it. Also, by law, a landlord can take back a property when the lease ends.

Leasehold Estates
Estate for years: A tenant that has a lease for a set period of time.
The rent must remain the same until the lease expires.

Estate from period to period: A tenant with a lease that lasts month to month. The lease is automatically renewed at the end of each month. The tenant has to give 30 days notice.

Estate at sufferance: When a tenant lives on a property without the landlord's permission or paying rent.

Estate at will: When there is no lease between the tenant and the landlord.