An Estate at Sufferance refers to a situation where a tenant continues to occupy a property after the expiration of their lease, without the landlord's permission.
The term 'expire' refers to the end or termination of a lease, contract, or agreement after a specific period or upon the occurrence of a predetermined event. In real estate, expiration typically pertains to the conclusion of lease terms, rental agreements, or any legal document.
Reversionary value is the estimated value of a property at the end of a specific time period, often related to the expiry of a lease or a pre-determined holding period. It directly impacts investment decisions and property valuation models.
