Tenancy for Years (i.e., Estate For Years / Term of Years)

Question 1

A TFY is a lease for a . . .

Answer 1

Fixed period

Question 2

When you know the termination date from the start, you have a . . .

Answer 2

TFY

Question 3

Because a term of years states from the outset when it will terminate, is notice needed to terminate?

Answer 3

No

Question 4

L leases BA to T “from Jan 1, 2011 to July 1, 2011.” Which for of tenancy exists? Why?

Answer 4

TFY

Lease for a fixed period

Question 5

What rule kicks in when the TFY is greater than one year? Why?

Answer 5

Must be written

Statute of Frauds