Correct Answer:
B. Parcel held by a tenant under one lease
The term “Tenancy” fundamentally refers to the holding of land or property by a tenant under a lease or other agreement. The correct option, “Parcel held by a tenant under one lease,” precisely captures this foundational concept, emphasizing the relationship between the tenant and the specific land parcel under defined terms.
- “Government-leased land” is too narrow, as tenancy can exist in private agreements.
- “Periodical record” refers to administrative documents related to land, not the act of holding land itself.
- “Share of holding” might describe a component of a tenancy but does not define the entire concept of tenancy.
Therefore, the most accurate definition is the holding of a specific parcel by a tenant.