Leasehold Estates Flashcards
Leasehold Estates: 4 types
1) tenancy for years
2) periodic tenancy
3) tenancy at will
4) tenancy at suffrance
Leasehold Estates: Tenancy for years
Tenancy estate that lasts for a fixed period of time
- Requires definitive beginning and end date
- If longer than one year, lease must be in writing (SOF)
- Terminates automatically at the the of the fixed period without notice
Periodic Tenancy: Definition
Tenancy estate that repeats until terminated
Periodic Tenancy: Operation of Law (2 situtations)
1) Invalid lease - If tenant takes possession despite an invalid lease (e.g. lease violates SOF), periodic tenancy arises upon LL’s acceptance of payment
2) Holdover tenant - If LL accepts rent from a holdover tenant, a periodic tenancy arises for the period the payment covers
Periodic Tenancy: Termination
Tenant must give proper notice, which requires:
1) Sufficient time - Notice must be given one full period in advance (6 mo for 1 yr lease)
2) Effective date - Must be at the end of the priod of the tenancy
* Parties can modify these terms
Tenancy at Will: Definition
Tenancy estate that either party can terminate at any time without notice
Tenancy at Will: Creation
Without an express agreement, courts will treat the lease as an implied periodic tenancy
Tenancy at Will: Termination by Will
Either party can terminate the lease at any time without notice, but a reasonable demand to vacate the premises is usually required
Tenancy at Will: Termination by Operation of Law
Occurs upon any of the following:
1) Death of either party
2) Waste by tenant
3) Assignment by tenant
4) Transfer of title by the landlord
5) Lease by the landlord to a third party
Tenancy at Sufferance: Definition
Tenancy estate where tenant has possession by virtue of wrongfully remaining after termination of a lease (holdover tenant)
Tenancy at Sufferance: Creation
Tenant holds possession beyond lease expiration
- Expired lease’s terms and condictions automatically carry over
Tenancy at Sufferance: Landlord options
1) Sue to evict, or
2) Impose a new periodic tenancy
- LL can increase rent if proper notice of increase is given before lease expires
Tenancy at Sufferance: Exception
Imposing new periodic tenancy must be REASONABLE. Unreasonable if:
- T only remains in possession for a few hours
- T is not at fault for delay in vacating (e.g. illness)
- Seasonal leases (e.g. ski cabin, beach house)
Tenants’ Duties at Common Law: Duty to Repair
T must maintain premises, make ordinary repairs, and not commit waste
- Terms can be modified by lease
Tenants’ Duties at Common Law: 3 types of waste
1) Voluntary - overt, harmful acts (e.g. removing fixtures)
2) Permissive - neglect
3) Ameliorate - Alterations increasing property value