Tenancy and Leases Flashcards
Types of cotenancy
- Tenancy in common
- Joint Tenancy
- Tenancy by the entirety
Joint Tenancy
- Right of survivorship
- CL - conveyance to two or more people is presmumed to create a joint tenancy unless stated otherwise.
- Modern - presumed tenancy in common
- must state you want right of survivorship
Tenancy in Common
- Each co-tenant owns an undivided possessory interest in the whole property.
- only requires unity of possession
Tenancy by the Entirety
- form of concurrent ownership reserved for married couples, which gives each spouse an undivided interst in the whole property and a right of survivorship unless otherwise stated.
- can be created by deed or will, not by descent
- not recognized in community property states
Sever tenancy by the entirety
- spouse jointly convey to a TP
- one spouse conveys to other spouse, OR
- couple divorces
Severing a JT
- inter vivos act by a party
- can seek a partition action
- JT sells his interest in the property (destroys for his portion)
What happens if JT mortgages their interest in the property?
- Modern - lien theory, M is viewed as a lien, will not sever. If M’or dies then M dies w/ them.
- Minority - title theory, M is viewed as title to the property and will sever.
Voluntary Partition
Done by exchange of deeds or selling the property and dividing the proceeds.
Tenants decide
Involuntary Partition
result of a partition action filed by one or more co-tenants in the court.
Court decides
Rights and duties of co-t’s
- possession
- profits
- expenses
- improvements
Co-T: possession
each co-T is entitled to possess the whole property. If ousted can bring suit for dmgs or ejectment.
Co-T: profits
If profit is produced by ONE co-t’s efforts then the others have no right to share in those profits.
If profit is generated by a TP, then all co-t’s are entitled to a proportionate share of the profits.
Co-T: expenses
Taxes/M: each must pay a proportionate share
Repairs: no direct duty imposed on any co-t. If one makes solely, then the amount may be off-set by any TP rents or from proceeds in a partition action.
Co-T: improvements
Gen, no duty to any co-t to improve the property. If one chooses to, they can’t get contribution from the others. IF property is sold, any amount attributable to the improvement goes to those that made it.)
Types of leases *
- Term of years
- Periodic tenancy
- Tenancy at will
- Tenancy at sufferance
Term of years *
A lease that has a definite beginning and end date. (months or years)
Creation: express agreement b/w LL and t for a term specified in lease. If longer than a year, must be in writing
Termination: automatically at end of the period, no notice required.
Periodic Tenancy *
A lease w/ a set beginnig and end date and continues from period to period
Creation: express or by implication w/ a holdover tenant.
Termination:
1. Notice: in writing (if lease requires or oral) AND equal to rental period (up to max of 6 months)
2. timing of notice:
(modern - notice is good whenever given but it doesn’t take effect until start of next rental period) (cl - notice had to be given at start of rental period).
Tenancy at will *
Has no fixed duration and lasts only as long as the LL and t desire.
Creation: gen by express agreement of the parties
Termination: freely as soon as either party decides (no notice), if either LL or t dies, OR if either party attempts to transfer their interest.
Tenancy at sufferance*
Creation: a holdover situation (will either become a periodic tenant if LL accepts rent or kicked out)
How much rent may a LL sue for tenancy for years?
Modern - LL has duty to mitigate, breacher liable for difference if not same amount. If can’t relet then rest of rent due.
CL - tenant liable for all unpaid rent as it accrues.
How much rent may a LL sue for periodic tenancy?
t liable for the rental obligation up until proper notice is given to terminate the lease.