Week 9 - Introduction to Landlord and Tenant Flashcards
A lease is an equitable interest in land.
True or False?
False. It is a legal interest.
Briefly explain the difference between
assignment of a lease and underletting.
Assigning a lease means the complete transfer of the legal interest. Underletting is creating a new lease out of the original – a sub-let.
What is a periodic tenancy?
A periodic tenancy is a tenancy that allows for continual renewal until notice is given. It is protected by statute.
What is a fixed term tenancy?
A tenancy granted for a fixed period.
What is a Tenancy at will?
A tenancy at will is not a legal interest and has no statutory protection. It does grant exclusive possession.
What is a Tenancy at Sufferance?
A tenancy at sufferance is a tenancy that continues beyond the term, without rent, and is allowed by the landlord.
What is a Tenancy by estoppel?
A tenancy by estoppel is a promissory tenancy, granted whilst a legal tenancy is finalised/sought.
What is meant by the term reversion?
The remaining term of an interest.
Street v. Mountford (1985) gave rise to
three tests for determining what?
Whether an interest is a lease or a license.
What are the three tests determined by Street v. Mountford (1985)?
- Is there exclusive possession? If yes, then
- Is there certainty of term? If yes, then
- Is there rent, or some other form of consideration?
If all three apply, then regardless of the wording on any documents, the interest is likely to be a lease.
Is profit a prendre a lease or license right?
A license with interest.
What is meant by the term profit a pondre?
The right to take something from someone else’s land.
What is a bare license?
It is the simplest form of licence. A bare licence arises when the landowner gives permission for another person to be on her land.
List the 7 ways in which a lease can be determined.
- Expiry
- Forfeiture
- Frustration
- Merger
- Notice
- Repudiatory breach
- Surrender
Explain two of the ways in which a lease can be determined.
- Expiry – the term comes to an end.
- Forfeiture – The lease is breached and the property is repossessed as a result.
- Frustration – as in contract, the lease cannot be
continued because of some external factor (the building is destroyed, or seriously damaged, for instance) - Merger – the tenant(s) gain the senior interest and the lease merges into that interest.
- Notice – duly given in accordance with the lease terms.
- Repudiatory breach – a serious breach that repudiates.
- Surrender – both the tenant and the landlord agree to end the lease before the term expires.