Từ vựng:

term of years

Giải nghĩa:

/tɜrm ʌv jɪrz/ – Phrase


Definition: quyền đối với bất động sản bị hạn chế trong một số năm nhất định.

A more throughout explanation: In legal terms, a “term of years” refers to a fixed period of time for which a lease or other legal agreement is valid. This term is commonly used in property law to describe a leasehold interest that is granted for a specific number of years, after which the lease expires and the property reverts back to the landlord or owner.

Example: The property was leased for a term of five years, with an option to renew for an additional term.

 

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