In the context of tenancy, what does the term "estate at will" imply?

The term "estate at will" refers to a flexible tenancy arrangement where either party—landlord or tenant—can terminate the tenancy at any time with appropriate notice. This arrangement does not involve a fixed duration, meaning that the tenant occupies the property with the understanding that they can leave or the landlord can evict them without the need for a specified term or renewal process. It highlights the fluid nature of the agreement, allowing for a situation where the tenant has the right to occupy the premises but does not have a long-term commitment or guarantee of continuation.

This choice accurately captures the essence of an estate at will, as it contrasts with fixed-term leases that have specific start and end dates, automatic renewal leases, or restrictive ownership forms, which all imply different types of relationships between property owners and tenants.