Landlord-Tenant Relations Flashcards
Rights and rules for leasing property
Uniform Residential Landlord and Tenant Act (URLTA)
blueprint for state laws to regulate leasing and management practices of landlords with residential properties
Estate for Years
A lease for any specified length of time measured in days, weeks, or months; Commonly used with commercial leases and some apartment leases
Estate from Period to Period
A lease from year to year, month to month, or week to week; must give 30- or 60-days notice; no def. end date
Estate at Will
possession is given with permission but there is no agreement about the rent. This estate can be terminated by either party at any time, with proper notice; not recognized in Calif.
Estate at Sufferance
Tenant lives on the property without the owner’s consent after the lease ends.
California’s Statute of Frauds requires a lease to be in writing if:
The term longer than one year;
Term is less than one year but expires more than a year after contract is signed;
Property is managed by a property manager
Demising Clause
the landlord leases the property and the tenant takes possession of the property.
Gross Lease
Landlord pays the property’s operating expenses, including utilities, repairs, and maintenance, while the tenant pays only rent;
common for office and industrial properties
Net Lease
tenant pays maintenance and taxes only;
typical for commercial and industrial
net-net lease
tenant pays some, but not all, of the maintenance, insurance, and taxes.
Triple net lease
tenant agrees to pay all taxes, insurance, maintenance, and repairs.
Graduated Lease
the rent payments start at a fixed amount but increase as the lease term matures
ground, or land lease
owner rents use of land for agriculture
Percentage Lease
rent is based on a percentage of the monthly or annual gross sales;
common for shopping centers
Proprietary Lease
lease to an owner of a cooperative;
rent is equal to the owner’s share of the periodic expenses of the entire cooperative
