tenancy vs residence

tenancy and residence both are nouns.

Word	Noun	Adjective	Verb	Adverb
tenancy	Yes	No	No	No
residence	Yes	No	No	No

As nouns, residence is a hypernym of tenancy; that is, residence is a word with a broader meaning than tenancy:

Other hypernyms of tenancy include abidance, residency.

tenancy (noun)	residence (noun)
an act of being a tenant or occupant	the act of dwelling in a place
	the official house or establishment of an important person (as a sovereign or president)
	a large and imposing house
	any address at which you dwell more than temporarily