Tenancy/ˈtenənsi/ Definition 1 of 3Pro Tip 1/3Time Limited Tenancy refers to the limited duration for renting, not owning, a place. Her tenancy lasts for six months. Pro Tip 2/3Ends on Terms Understand that a tenancy can end if agreement terms are broken. Due to noise complaints, his tenancy could be terminated early. Pro Tip 3/3Rent Obligation Tenancy involves a responsibility to pay rent regularly. She's always punctual with her tenancy payments.