Landlord Tenant Flashcards
1
Q
Four Lease-hold estates
A
- Tenancy for Years 2. Periodic tenancy 3. Tenancy at Will 4. Tenancy at Sufferance
2
Q
Tenancy for Years
A
- What: Lease measured by a fixed and ascertainable amount of time.
- How created: Written agreement between L and T. How terminated: two ways,
- (a) Automatically terminates at end of lease, or
- (b) T surrenders and L accepts leasehold before it ends.
- Special Issues: subject to SoF; voidable until T takes possession and accepts rent.
3
Q
Periodic Tenancy
A
- What: A lease that automatically renews at the end of each period until one party gives valid notice.
- How to create: Can be created by expresse agreement, implied (if no end date in K), or by operation of law (holdover tenant).
- How to terminate:
- Month-to-Month: 30-Day notice prior to first day of the last month.
- Year-to-Year: 6-Month advance notice.
4
Q
Tenancy at Will
A
- What: A tenancy without a specific end date.
- How created: express or implied, Tenant is allowed to stay in property without lease. Note: payment and acceptance of rent will convert it into a periodic tenancy.
- Termination: several options:
- (a) Common law: either party, w/no advc notice
- (b) Statute: either party w/ advc notice
- (c) Operation of law: death of either party
- (d) Waste by tenant
- (e) L transfers or lease property to 3rd party.
5
Q
Tenancy at Sufferance
A
- How created: Lease ends and T remains in posession of property without L’s permission. The terms of the prior lease will control.
- Terminate: L evicts T or L and T agree to new lease.
6
Q
Sublease and Assignment
A
Absent languge prohibiting it in lease, a lease can be freely assigned or sublet.
- Assigment is a complete transfer of the tenant’s remaining lease term.
- Sublease is any transfer that is less than the entire duration of the parties.
In either case the orginal T remains in privity of contract with L and thus id ultimatley responseable for rent and lease covenants.
A Novation between L and T is required to release Orginal T from privity of contract.
7
Q
Effect of an Assignment
A
- Assignees are in privity of estate with L; so are primarly liable to L for rent and other lease covenants.
- OT and L maintain privity of contract, unless a novation occurs. Thus, OT remains secondiarly liable if Assignee defaults or assigns to subsquent T.