What type of lease has a specific starting and ending date, also known as a tenancy for years?

The correct choice is the type of lease known as "estate for years." This type of lease is characterized by having a defined duration, which is specified by a starting date and an ending date. This means that both the landlord and tenant agree on the lease terms for a fixed period—this can be for any length of time, from a few weeks to several years—but it must have both a clear beginning and a clear end.

It's crucial to note that estate for years is distinct from other types of tenancies, like month-to-month leases or tenancies at will, which do not have a set end date and can be terminated with relatively short notice. In contrast, the estate for years lease provides both parties with certainty about their obligations and the timeframe of the lease. This predictability is beneficial for both landlords and tenants as it simplifies planning for both parties involved.

The phrase "leasehold improvement" does not refer to a type of lease but rather to changes or renovations made to a rental space by the tenant, which is also unrelated to the concept of tenancy duration. In summary, an estate for years establishes a clear timeline for the lease, making it a straightforward and organized option for both renters and landlords.