Extremely tractable girl's period as leaseholder (7)

I believe the answer is:

tenancy

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'period as leaseholder' is the definition.
I can't judge whether this definition defines the answer.

'extremely tractable girl's' is the wordplay.
'extremely' means to remove the middle letters (only the extremes of the word are used).
'girl' becomes 'nancy' ().
'tractable' with its middle removed is 'te'.
'te'+'nancy'='TENANCY'

Can you help me to learn more?

(Other definitions for tenancy that I've seen before include "Temporary occupation of land" , "Lease (of a house)" , "Period occupying house" , "Occupation of lands or houses for rent" , "Rental arrangement" .)

I've seen this clue in The Times.

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