Property Law: C. Landlord & Tenant issues Flashcards
What is a Leasehold interests?
A lease provides the tenant with a present possessory interest in the real property (subject to any terms and conditions agreed to), and gives the landlord a future interest in the property.
In most states, what does the statute of frauds require for a lease interest?
In most states, the statute of frauds requires a lease of more than one year to be in writing.
What are the three types of leaseholds that exist?
- Tenancy for years
- Periodic tenancy
3, Tenancy at will
How long does a tenancy for years last?
A tenancy for years last for a fixed period of time (there is a specified beginning and end date), as agreed by the landlord and tenant.
Will the lease automatically terminate after the fixed period?
Yes. the lease automatically terminates after the fixed period.
Can a tenant terminate a lease prior to the end of the term?
No. Normally, a tenant CANNOT terminate a lease prior tot he end of the lease term, unless constructive eviction or another exception applies.
How long does a periodic tenancy last?
A periodic tenancy last for an initial period and then automatically continues for additional equal periods (ie. weekly, monthly) until it is terminated by the landlord or Tenant.
How do you create a periodic tenancy?
A periodic tenancy may be created: expressly by agreement; by implication if rent is paid at specific periods (ie. every week or month); or by law when a tenant-for-years remains after termination of the period or when a lease agreement is invalid.
How can you terminate a periodic tenancy?
A periodic tenancy can only be terminated: at the end of a natural lease period, and requires written notice at least a full period in advance.
What is an example of how a periodic tenancy is terminated?
For example, a periodic month-to-month tenancy requires a one-month notice of termination.
What is an exception for terminating a period year-to-year tenancy?
An exception to a periodic year-to-year tenancy, is that only 6-months notice is required.
How long does a tenancy at will continues?
A tenancy at will continues until either party terminates it, and usually created by an express agreement.
In most states, what does termination of a tenancy at will requires?
In most states termination of a tenancy at will requires giving: Notice of termination; and a reasonable time to quit the premises.
What does the minority states require for termination of the tenancy at will?
In a minority of states, termination doe not require notice tot he tenant.
Tenant Duties:
Does a tenant have a duty to pay rent?
Yes. A tenant’s duty to pay rent runs with the land.