Maria has a lease that is set for a specific duration. What type of tenancy does she have?

Maria holds a term tenancy because her lease has a specific duration, which is a defining characteristic of this type of tenancy. A term tenancy, often referred to as a "fixed-term tenancy," starts and ends on specific dates defined in the rental agreement. During this set period, she has the right to occupy the property, and the lease typically outlines conditions regarding rent payments, maintenance responsibilities, and other important aspects.

Other types of tenancies differ primarily in duration or terms. For instance, a periodic tenancy does not have a specific end date and typically renews automatically, while a tenancy at will allows either party to terminate the arrangement at any time, with no fixed end date. A holdover tenancy occurs when a tenant remains in the property after the lease has expired without the landlord's consent. In contrast, Maria's situation is clearly defined by a fixed term, making her a term tenant.