Estates & Interests - Leasehold Flashcards
1
Q
Estate for Years
A
Specific; stated duration; per lease
2
Q
Periodic
A
Period to period, such as month to month; lease term renews automatically upon acceptance of rent
3
Q
Estate at Will
A
Indefinite (end at any time) period subject to rent payment; cancelable w/notice
4
Q
Estate at Sufferance
A
Landlord is suffering as tenant is in possession passed agreed upon time
