MEE PROPERTY RULES Flashcards
Tenancy in Common
default estate between 2+ people.
- separate but undivided interest
- right to possess and enjoy the entire property; and
- right to transfer their interest in the property freely during their lifetime or at death.
Joint Tenancy & the right of survivorship
two or more people, right of survivorship
1 - clear expression of intent to create joint tenancy; and
2 - uses survivorship language.
PITT must be in place to create JT;
Possession: right to possess/enjoy property
Interest: equal share of same type of interest
Time: acquire at same time
Title: same interest of title.
Severance of Joint Tenancy
If any part of PITT is severed, creates tenancy in common if 2 JTs.
If 3 JTs, JT remains with the other tenants not involved while the 3rd party is TIC
JT granting mortgage interest in JT?
lien theory jx (majority): mortgage is treated as a lien, doesn’t destroy JT
title theory jx (minority): mt will terminate JT, and tenants hold as TIC
Expenses/Payments/Costs
operating expenses: divided & must be necessary
rent: divided between owners after minusing operating exp.
improvements: not divided, but can get credit for repairs in a partition action.
Ouster
if a cotenant denies access. other cotenant can: injunction or damages.
leasehold interest
possessory estate: tenancy for years periodic tenancy tenancy at will tenancy at sufferance
tenancy for years
fixed / ascertainable time
auto terminates when expires
periodic tenancy
repetitive & ongoing for a set period of time until terminated by proper notice.
proper notice: m-2-m must be month before. y-2-y six month.
tenancy at will
continues until terminated. can be terminated without notice. death terminates.
tenancy at sufferance
tenant refuses to leave. creates temporary tenancy.
- landlord can evict
- landlord can re-lease; or
- tenant voluntarily leaves.
duty to pay rent
unless:
- premises are destroyed
- partial eviction; or
- material breach on LL’s part.
implied warranty of habitability
implied in every residential lease (not commercial)
reasonably suited for basic human needs. not waivable.
tenant may upon breach:
- vacate
- withhold rend
- remedy and offset costs or
- defend against eviction
Implied covenant of quiet enjoyment
prevents LL from making premises unsuitable resulting in constructive eviction.
constructive eviction:
- LL caused unsuitable premises
- T notified L
- L did not fix problem; and
- T vacates after reasonable time
assignment vs. sublease
assignment: complete transfer of remaining term. LL can collect from assignee (privity of estate ) or OG tenant. (privity of K)
Sublease: transfer of less than T’s entire remaining term. LL can only collect from T bc of privity of estate + k.