Final Leasehold Estates Flashcards
what is a term of years in a lease?
where the duration is a known fixed period
what is the notice of termination for a term of years lease?
none
what is a periodic tenancy?
a lease that automatically renews for successive periods of fixed duration unless notice of termination is given
what is the notice of termination for a year to year in a periodic tenancy?
CL requires 6 months notice
what is the notice of termination for a period that is less than a year in a periodic tenancy?
equal to that period
when must the lease terminate in a periodic tenancy?
on the last day of the period
what is the termination notice for a week to week periodic tenancy?
one week’s notice and the tenancy cannot terminate until the last day of the period
what is a tenancy at will?
a lease that has a duration so long as the landlord and tenant desire
what is the notice of termination for a tenancy at will?
in CL, it’s terminable by either party without notice and some modern statutes require a period of notice
what happens if either party dies during a tenancy at will?
the lease terminates
what is a tenancy at sufferance?
when a tenant remains in possession after the termination of the lease
what are the landlord’s option in a tenancy at sufferance?
1) evict tenant
2) consent to hold over
under the Fair Housing Act, what is it unlawful to discriminate against?
1) race
2) color
3) religion
4) sex
5) familial status
6) national origin
7) handicaps
under the Fair Housing Act, can someone discriminate in a notice or ad?
NO
when is a landlord or seller allowed to turn down offers?
1) a single family owns more than 3 dwellings
2) a single family didn’t use a broker
3) if they did not advertise anything discriminatory
4) in units with 4 family units, the owner maintains or occupies one of the units
5) housing with seniors can discriminate against renting to families with children
6) religious organizations