RETS / CHAPTER 6 Flashcards
**Fill in the Blank
At common law a ______ creates an interest in land while a _______ creates a mere contractual privilege.**
Answer:
At common law a LEASE creates an interest in land while a LICENSE creates a mere contractual privilege.
**True or False:
A lease creates a landlord and tenant relationship, but a licence does not.**
Answer: True
**Fill in the Blank
The Supreme Court of Canada held that whether an agreement creates a lease or a licence is a matter of ________.**
Answer:
Intention
An eviction due to non payment of rent requires _____ days notice.
An eviction due to non payment of rent requires 10 DAYS NOTICE
**True or False
In determining if an agreement has created a lease or a license, terms in the agreement such as “lessor/lessee” or “licensor/licensee” will not necessarily be conclusive.**
Answer: True
Courts will look at the intention of the parties.
**Fill in the Blank
A ________ is an interest in land that “runs with the land” and binds successors in title.**
Answer:
A lease is an interest in land that “runs with the land” and binds successors in title.
**Fill in the Blank:
Commercial tenancies are governed almost completely by the _________ law and the actual terms of the lease.
Answer:
common law
**Fill in the Blank:
Residential tenancies are almost completely governed by ________ law.**
Answer:
statute
If the rental unit must be vacated to comply with an order of a federal, British Columbia, regional, or municipal government authority the landlord may terminate the tenancy for ______________.
ANSWER: CAUSE
**Fill in the Blank
A ________ agreement means a tenancy agreement with a predetermined expiry date.**
Answer:
fixed term tenancy
**Fill in the Blank
A _______ is one which automatically renews itself on the last day of the term for a further term of the same length until it is terminated by either party with proper notice**
Answer:
periodic tenancy
**Fill in the Blank:
The defining feature of a lease is _______________**
Answer:
exclusive possession
**Fill in the Blank
An ___________ is the transfer by a party of ALL of the party’s interest in a property to another party.**
Answer:
assignment
**Fill in the Blank
A ________ involves the transfer of a PART of a leasehold interest from a tenant to a third party.**
Answer:
sublease
How much notice is required to terminate a 1 year fixed term tenancy?
ANSWER: NO NOTICE IS REQUIRED
**True or False?
Unless there is an express prohibition in the lease, a tenant under a commercial lease may assign or sublet without the consent of the landlord.**
Answer:
True
**True or False?
A residential tenant may not assign or sublet unless the landlord consents in writing.**
Answer:
True
_______ is the requirement that someone injured by another’s negligence or breach of contract must take reasonable steps to reduce the damages, injury or cost, and to prevent them from getting worse.
Answer:
mitigation