Terms of a lease Flashcards
What is a key covenant in a lease?
Covenant to pay rent.
What does the covenant of quiet enjoyment entail?
Prohibits the landlord from interfering with the tenant’s enjoyment of the property.
What duties might a lease covenant outline?
Duties of both landlord and tenant to repair the premises.
What can a covenant specify regarding the use of premises?
The uses to which the tenant may put the premises (e.g., residential, commercial, or both).
What does a covenant restricting alterations entail?
It limits how the tenant can modify the premises.
What is a qualified alterations covenant?
Prohibits a tenant from making non-structural alterations without the landlord’s consent.
What does an absolute bar on alterations mean?
It prohibits a tenant from making any non-structural alterations to the leased premises.
