LL and tenant Flashcards
coventants restricting tenants ability to assign or sublet
valid
most states: landlord may deny consent for any reason, even an unreasonable one
minority: landlord may not unreasonably withhold consent to transfers by the tentant- withholding consent reasonable if it relates to the proposed assignees financial position or questions
tenant abandonment
when a tenant vacates the leased premises before the end of the term, has no intent to return and quits paying rent
liable for rent that accrues and any damages
abandonment effect
implied offer to terminate the least. landlord may:
accept the offer to terminate the lease;
repossess and attempt to rely
do nothing (common law)
mitigation of rent
majority: requires landlord to make reasonable efforts to mitigate damages by reletting to a new tenant
- failure to try would be breach of duty to mitigate
three present covenants
- covenant of seisin
- covenant of right to convey
- covenant against encumbrances
covenant of seizin-
warrants grantor owns estate or interest he is conveying
covenant of right to convey
grantor has power and authority to make the grant
covenant against encumbrances
assuring neither phsycial encumbrances or invisible encumbrances against the little or interest conveyed
merger doctrine
once closing occurs, the contract merges wit the deed and any promises in the contract concerning title that are not also in the deed are extinguished
removal of easment
land subject to an easment- new owner takes it subject to the burden unless they are a bona fide purchaser with no notice of the eastment
notice of easment
i. actual knowledge
ii. notice from visible appearance
iii. notice from the fact that document creating easment is recorded in public records
contruction contract
implied warranties of quality or fitness for the purpose intended- b/c buyer has no opportunity to inspect
nonconforming at the time of zoning ordianance change
cannot be eliminated immediately- continue indefinitely but any substantial change in use will not be permitted
zoning variance
property owner must show that the ordinance imposes a unique hardship on him and that the variance will not be contrary to the public welfare
future advance
provision in mortgage that provides for the availability of additional funds over a period of time