Property Flashcards
The tenant has a _______ interest in the leased premises
present possessory
The landlord has a ________ interest in the leased premises
future interest (reversion)
What are the four types of leasehold estates?
- tenancies for year; 2. periodic tenancies; 3. tenancies at will; 4. tenancies at sufferance
True or False, a tenancy for years’ termination date is usually uncertain.
False, the termination date for tenancy for years is usually certain (i.e. until the bar exam)
Must notice be giving to terminate a tenancy for years?
No.
How are tenancy for years normally created?
By written leases
How would a court hold a tenancy for years lease that exceeds the statutory minimum?
Entirely void.
Where a tenancy for years lease contains an option to renew for a period beyond the permitted maximum, what do courts hold?
The entire lease is held void.
True or False, a tenancy for years ends shortly after its termination date.
False, a tenancy for years end automatically on its termination date.
What is the landlord’s right of entry?
The reserved right to terminate if the tenant breaches any of the leasehold covenants..
Does the absence of a reserved right of entry prohibit a landlord from terminating the lease if the tenant fails to pay rent?
No.
Does surrender terminate a tenancy for years?
Yes.
What does surrender consist of?
The tenant giving up his leasehold interest and the landlord accepting.
Must the notice to terminate periodic tenancies be giving by the tenant?
No, notice can come from either party.
What term is always uncertain until notice is given in periodic tenancies?
Termination date
What are the three ways to create period tenancies?
- express agreement; 2. implication; 3. by operation of law
What are two ways a periodic tenancy can be created by operation of law?
- If the tenant holds over; 2. the lease is invalid and the tenant nonetheless goes into possession
True or False, a periodic tenancy is automatically renewed if proper notice has not been given.
True
How much notice is needed to terminate a periodic tenancy from year to year?
6 months
How much notice is required to terminate a periodic tenancy whose duration is less than one year?
a full period in advance