Chapter 17 vocab Flashcards
A contract between a real estate owner and a tenant
lease
A landlords rights of possession of the premises is after the expiration of the lease term
reversionary right
A leasehold estate that has a specific beginning and a definitive end
Tendency for years
The estate created when a landlord and tenant enter into a lease agreement that automatically renews
Periodic tenancy
at leasehold estate with an indefinite term that may be terminated by the death of either the landlord or tenant
Tenancy at will
The leasehold estate created when a tenant, who was in lawful possession of real property, continues in possession without the landlords consent
Tenancy at sufferance
The transfer of some of the tenants interest, but no tenant obligations
Sublease
a lessees privilege of renewing a lease
Option
The legal process by which a landlord regains possession of leased premises following a tenants breach
actual eviction
The action by which a tenant may properly abandon promises that have become unusable due to the landlords conscious neglect
constructive eviction