Chapter 6 Flashcards
TF? Distress is an effective remedy for landlords of residential premises for the non payment of rent by their tenants
While effective for commercial landlords, section 26(3) of the Residential Tenancy Act abolishes this remedy for non-payment of rent in residential tenancies
A landlord may end a periodic tenancy if he or she intends, in good faith, to occupy the premises, by providing the tenant with __ months notice
two
TF? A landlord of residential premises ay collect up to one half of one months rent as a security deposit
True
In a periodic tenancy, what occurs on the last day of the term?
The tenancy automatically renews itself on the last day of the term for a further term of the same duration until terminated by either party.
Lease facts
granting lease: lessor
receiving lease: lessee
A lease grants exclusive possession of land to another
A lease extends over a specified term
A tenancy at will is a tenancy where the tenant with the consent of the landlord, occupies property as a tenant for a term which can be ___ by either party at __ __.
terminated
any time
A ____ is a lease by which a tenant grants to a third party an interest in property less than his or her own interest under the original lease
sublease
In legal terms, what does it mean to assign something?
To assign is to transfer over to another
What is a tenancy agreement?
the term used in the Residential Tenancy Act to refer to a contract between a land lord and a tenant, pertaining to the letting of residential premises
Facts about distress in commercial tenancies
The landlord is bale to seize and sell a tenant’s personal property.
It is a legal term used to recover arrears of rent.