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REE 3433 Final Review CH. 11 (1)
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REE 3433 Final Review CH. 11 (1)
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REE 3433 Final Review CH. 11Conveyance Theory of Leases - ANS-Lease conveyed a possessory interest in property
in tenant. Landlord retained ownership interest in property (a Reversion).
Leasehold - ANS-An estate, interest, in real property held under a rental agreement by
which the owner gives another the right to occupy or use land for a period of time.
4 Types of Leaseholds - ANS-1) Estate for years
2) Periodic Tenancy
3) Tenancy at Will
4) Tenancy at Sufferance
Estate for Years - ANS-Is a leasehold estate of a fixed period of time; it has a definite
beginning and a definite end.
Periodic Tenancy - ANS-A tenancy that continues for successive periods until the tenant
gives the landlord notification that he wants to end the tenancy.
Duration of Tenancies - ANS-Unless otherwise agreed, rent is payable without demand
or notice; periodic rent is payable at the beginning of each rent payment period; and
rent is uniformly apportionable from day to day.
Tenancy at Will - ANS-A landlord-tenant relationship that endures so long as both
parties agree to its continuance.
Tenancy at Sufferance - ANS-Created when a tenant wrongfully holds over past the end
of the durational period of the tenancy (for example, a tenant who stays past the
expiration of his or her lease).
Tenancy at Sufferance (Double Rent - Non Residential) - ANS-Right to demand double
rent upon refusal to deliver possession.
Remedies (Residential Tenancy) - ANS-If the tenant holds over and continues in
possession of the dwelling unit or any part thereof after the expiration of the rental
agreement without the permission of the landlord, the landlord may recover possession
of the dwelling unit. The landlord may also recover double the amount of rent due on the
dwelling unit, or any part thereof, for the period during which the tenant refuses to
surrender possession.
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