noun.
The occupancy of property etc, under a lease, or by paying rent.
noun.
The period of occupancy by a tenant.
noun.
The property occupied by a tenant.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
noun.
an act of being a tenant or occupant
Word Usage
"Now, it's clicking off the name tenancy threshold, but we have made huge progress, and again, when you think about being sub 50% a year ago and about 80% a year later and double the NOI, this thing is heading in the right direction."