Topic 7 - Leases

Question 1

Define fixed term lease

Answer 1

Lease exists for a specifically define or fixed period of time

Question 2

Define periodic tenancy

Answer 2

Lease that lets land for the period of time that rent is paid

Question 3

Define Tenancy at Will

Answer 3

Tenant who remains in possession with the consent of the owner

Question 4

Define Tenancy at Sufferance

Answer 4

Tenant who remains in possession without the consent of the owner

Question 5

3 steps of Equitable Leases

Answer 5

1. Walsh v Lonsdale
2. Tenancy by Estoppel
3. Part performance