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Tenancy at will is a type of rental agreement that allows a tenant to occupy a property indefinitely; however, either party—the tenant or the landlord—can terminate the arrangement at any time, typically with proper notice. This form of tenancy is unique because it does not have a fixed expiration date, allowing for flexibility. It fosters a casual relationship since the tenant does not have the assurance of long-term occupancy, but instead can vacate or be asked to leave with minimal notice.

The nature of tenancy at will makes it distinctly different from agreements with fixed terms where occupancy is guaranteed for a specific duration or requires a more structured termination process. Thus, the correct answer embodies the essential characteristic of tenancy at will, emphasizing the ability for either party to end the arrangement whenever they choose without needing a specific reason or long notice period. This flexibility is why many landlords and tenants may opt for such arrangements, particularly when circumstances are uncertain.

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