Chapter 12- Leases: Landlord & Tenant

Question 1

Lease

Answer 1

An owner of real estate leases to a tenant transfers the right to possession and use of the owner’s property for a specified period of time.

Question 2

Demise

Answer 2

The transfer of property by lease.

Question 3

Leasehold estates

Answer 3

1) Estates for years
2) Periodic estate or estate from period to period.
3) Tenancy at will
4) Tenancy at sufferance.

Question 4

Estate for Years

Answer 4

A leasehold estate that continues for a definite period of time with a specific termination date.

Question 5

Periodic Estate

Answer 5

An interest in leased property that continues from period to period. Month to month, week to week, year to year.

Question 6

Tenancy at Will

Answer 6

An estate that gives the tenant the right to possess with the consent of the landlord for an indefinite period.

Question 7

Tenancy at Sufferance

Answer 7

A situation in which a tenant comes into possession of land by lawful title ans keeps it afterward without any right at all. This is the lowest estate in land.