Concurrent Estates Flashcards
Joint Tenancy (creation) T-TIP
T: Same title
T: Same time
I: Same interests
P: Posses rights to whole
Joint Tenancy (severance)
Sale: may do so secretly, mere act of entering K sufficient.
Partition: Done voluntarily or forced sale (if in the best interest of all)
Mortgage: lien won’t sever in maj. of states
Conveyance of your portion.
Tenancy in Common
- Rent from co-T in exclusive possession: NO absent ouster
- Rent 3rd parties: YES
- Improvements: NO right of contribution during life of co-T, however at end road. YES
Tenancy by the Entirety
Married Parties Right of Survivorship Neither T may unilaterally transfer Terminated only by: Divorce Death Mutual agreement Execution by a joint creditor on both
T duties
- Duty to make reasonable repair. T cannot remove fixture. T liable to invited person injuries. T may however seek indemnification.
- Common law; T responsible for any loss. Today, T may move if not T’s fault.
- T’s duty pay rent: If don’t pay; L may SIR
S: Surrender. L may accept T’s non-payment as surrender. If term left is >1yr. must send writing per SOF.
I: Ignore and hold T resp. Only min.
R: Re-let. Maj.
L’s duties (Implied Warranty of Quiet Enjoyment)
Both resid. and comm. T right to quiet enjoyment from L nor paramount title holder nor hold-over T
a. Breach by actual eviction
b. Breach by constructive eviction
SING: (4) elements
S: Substantial Impairment
N: Notice given to L
G: Goodbye. T must move
Is L liable for other T’s actions? NO
(2) exceptions
Nuisance
Control common areas
L’s duties (Implied Warranty of Habitability)
Only residential. What can T do? MR3 Move out. Not required. Repair and deduct. Reduce rent or w/hold and place in escrow. Remain and seek damages
L liability in Tort (CLAPS)
C: Common Areas; L must maintain common areas
L: Latent defects; L must WARN T of latent defects; no duty to fix
A: Assumption of repairs. repairs assumes repairs in reasonable manner
P: Public use. L liable when knows or should know T won’t repair based on type of lease
S: Short term lease. L liable for any defect for short term lease to fully furnished dwelling.
Tenancy for years
(1) creation
(1) termination
Term of years >1 year must be in writing b/c of SOF
No notice needed to terminate
Periodic Tenancy
(3) ways to create
(1) way terminate
Create:
- Lease no mention of duration
- Lease in violation of SOF
- Resid. lease T holds over
Terminate:
1. Notice equal to periodic tenancy
Tenancy at Will
No fixed duration. Reg. payment will create Periodic Tenancy.
Terminated by either party at either time. Today, reasonable demand usually necessary.
Tenancy at Sufferance
(1) create
(2) terminate
T wrongfully held over
Lasts until either:
L evicts or holds T to new periodic tenancy.
Chattel
In absence of express agreement if removal of chattel does not leave unprepared damages to premises or destruction to chattel T not manifested intention to permanently improve.