Leases And Subleases Flashcards
Term of Years
Lease for a certain amount of time set by calendar then returns to the landlord (via reversion)
A term of years can be measured
By any amount of calendar time, from 1 day to 1,000 years, so long as it has a set beginning and ending
In a term of years, notice is
Not necessary because the end point is known
Effect of death on a term of years
It has no effect
Periodic lease
Lease for reoccurring term that continues for succeeding periods until notice of termination. Without notice, there is no termination
A periodic lease recurs on a
Month to month or year to year basis
How to determine the term for a periodic lease
Majority: yearly the rent is reserved
Minority: rent is paid monthly
Where lease is silent, presumed to be yearly
For a periodic lease, notice is
Required. If move out without notice, landlord has remedy against tenant for unpaid rent or to enforce lease another year
For a periodic lease, the notice must be given
As the lease specifies, unless unreasonable. If lease is silent, the common law says 6 months for a 1 year lease. Month requires 1 month. Modern statutes typically allow notice to be within 30 days for yearly lease
Effect of death on periodic lease
No effect
Tenancy at will
Tenancy of indefinite duration. No resolving period, endures as long as desired. Lease may be silent on who may terminate, in which case both have the ability
Rule from the Garner case (concerns tenancy at will)
Courts do not favor tenancy at will, and will try to avoid them where possible. As such, where the lease allows tenant the right to terminate and not landlord, it creates a determinable life estate in T.
Death effect on tenancy at will
Ends it, unless there is a determinable life estate
2 options for dealing with a holdover tenant
- Evict and recover damages
- Create new tenancy, express or implied by acts (cashing check for rent)
Leases for over a year must
Be in writing. As a general pointer, all leases should be in writing