Unit 17

Question 1

Estate at will

Answer 1

Gives the tenant the right to possess property with the landlords consent for an unspecified or uncertain term. An estate at will is a tenancy of indefinite duration

Question 2

What/who is a lessor?

Answer 2

Owner of real estate leasing their property out

Question 3

Landlords retain a _____ to possession after the lease term expires

Answer 3

Recessionary right

Question 4

A tenants right to possess real estate for the term of the lease is card a _____
Which is considered personal property

Answer 4

Lease hold estate

Question 5

What are the 4 types of leasehold estates ?

Answer 5

Estate for years
Estate from period to period
Estate at will
Estate at sufferance

Question 6

What is a estate for years?

Answer 6

A leasehold estate that continues for a definite period. Sometimes called an estate for term always has specific expiration dates. When the estate expires, the lessee is required to vacate the premises and surrender possession to the lessor. No notice is required since there is already a set date.

Question 7

What is a estate from period-period?

Answer 7

Or periodic tenancy is created when the landlord and tenant enter into an agreement for an indefinite amount of time. These run until a date is given for termination

Question 8

What is an estate at will?

Answer 8

An estate at will gives the tenant the right to possess property with the landlords consent for an unspecified or uncertain term-a tenancy at an unlimited duration.- automatically triggered by the death of either party

Question 9

A landlord tells a tenant that two months after the end of the tenants lease, someone else will be moving into the apartment. The landlord gives the current tenant the option to continue to rent the unit until the new tenant is ready to move in. This is called a

Answer 9

Estate at will?

Question 10

A landlord tells a tenant that two months after the end f the tenants lease someone will
Be moving into the apartment.the landlord gives the current tenant the option to continue to rent the unit until the new twangs is ready to move in. This is a _____

Answer 10

Estate at will

Question 11

Estate at sufferance

Answer 11

An estate at sufferance arises when a tenant who lawfully took possession of real property continues in possession of the premises without the landlord’s consent after the right of possession expires

Question 12

What is a sandwich lease?

Answer 12

The sublessor’s interest in the real estate