Chapter 2.4: Commerical + Residential Tenancies Flashcards
The first thing we need to discern is between a ___________ and __________
Lease and a license
A ___________ creates an estate (interest) in _________
Lease
Land
A ____________ creates a landlord-tenant relationship
Lease
Leases provide exclusive ________________ to tenant
Possession
Meaning they must keep you for however long your lease agreement is
Leases can rely on the ______________
Residential tenancy act
If the property is sold, they cannot cancel your ________
Lease
What is an example of a license
Staying at a hotel!
A license is just a ______________
Contractual privilege
There is no estate / interest in land
With a license, no ___________________ relationship exists
Tenant-landlord
____________ cannot rely on the residential tenancy act (RTA)
License
If the property sells, they can cancel your __________ at any time
License
How to tell the different between a lease and license
Look for the intention!
Aka whether or not the agreement has granted exclusive possession to the tenant
Word check, if you see ‘exclusivity’ this implies ?
A lease!
Exclusive possession means what?
Access 24 hours a day, everyday
It equals a lease
When you are not able to access / do not have exclusive access 24/7, 365, what is it?
A license
Example: allowed from 9am-11pm
Next we need to discern between _________ and _________
Commercial and residential
____________ is governed by common law
Commercial
+ the commercial tenancy act
Commercial properties use _________ (aka _________)
Leases - aka contracts
Examples of commercial properties
Factories, warehouses, stores, and offices
_____________ is governed by statute law
Residential
+ residential tenancy act
Residential properties use __________________
Rental / tenancy agreements
“Rental units”
The Residential Tenancy Act does not apply to a number of things, such as?
Business purposes unit + dwellings unit attached that is rented under 1 lease
Cooperative non-profit housing rented to a member of the cooperative
Share bathroom or kitchen facilities with the owner of that accommodation
Communal living - sharing bathroom, Kitchens, and common areas
Tenancy agreements for term exceeding 20 years
Vacation or travel accommodations
Commercial tenancies
The Residential Tenancy Act does not apply to ___________________ + ______________ that is rented under one lease
Business purpose unit + a dwelling unit attached
The Residential Tenancy Act does not apply to __________________________ rented to a member of the cooperative
Cooperative non-profit housing