100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Property II (Pre-Midterm) Review Questions and Correct Answers the Latest Update and Recommended Version $21.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. Property II
  4.  
  5. Property II

Exam (elaborations)

Property II (Pre-Midterm) Review Questions and Correct Answers the Latest Update and Recommended Version
 0 purchase
  • Course
  • Property II
  • Institution
  • Property II

What are the Three Types of Leasehold Estates? 1. Term of Years 2. Periodic Tenancy 3. Tenancy at Will What is a Term of Years? A lease that is set for some fixed period of time, and does not require a notice of termination. On October 1, Landlord leases Blackacre "to Tenant for one yea...

[Show more]

Preview 3 out of 21  pages

Document information

  • October 24, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • property ii pre midterm review questions and cor

Written for

  • Property II
  • Property II

Seller

avatar-seller
TestTrackers

Reviews received

Content preview

TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!



Property II (Pre-Midterm) Review
Questions and Correct Answers the
Latest Update and Recommended
Version
What are the Three Types of Leasehold Estates?

✓ 1. Term of Years
✓ 2. Periodic Tenancy
✓ 3. Tenancy at Will


What is a Term of Years?

✓ A lease that is set for some fixed period of time, and does not require a notice of
termination.


On October 1, Landlord leases Blackacre "to Tenant for one year, beginning October 1." On

September 30th of the following year, Tenant moves out without giving Landlord any notice.

What are Landlord's rights?

✓ None, Tenant wasn't required to give any notice under a Term of Years.


What is a Periodic Tenancy?

✓ A lease that continues for a recurring term that continues for succeeding periods until
either a landlord or tenant gives a notice of termination.


When seeking to determine the "period" of a Periodic Tenancy, what is the Majority Rule and

what is the Minority Rule?




|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]

, TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!


✓ Majority Rule: Determined based on the manner in which rent is reserved (annual basis)
(Year-to-Year)
✓ Minority Rule: Determined based on which rent is paid (monthly basis) (Month-to-Month)


A month-to month period tenancy is inferred if you can't immediately tell from the language

which type it is. True of False?

✓ False, Year-to-Year would be inferred if you can't immediately tell what type of period it
is.


On October 1, Landlord leases Blackacre "to Tenant from year to year, beginning October

1." On September 30th of the following year, Tenant moves out without giving Landlord any

notice. What are Landlord's rights?

✓ Landlord will be able to charge Tenant for payment of an additional year of the lease.
The Landlord and Tenant entered into a "Year-to-Year" Periodic Tenancy, which requires
the Tenant to give the Landlord at least six months notice of termination of the lease.


For the Termination of a Periodic Tenancy, what is Common Law time notice needed for

termination of a Month-to-Month tenancy? What is the time period needed for the termination

of a Year-to-Year Tenancy? What is the Modern period of termination of a Year-to-Year

Tenancy?

✓ Month-to-Month: One month advanced notice
✓ Year-to-Year: Six Months advanced notice
✓ Modern Year-to-Year: Three Months advanced notice


A lease has no fixed terms, but has a rental amount of $24,000 per year, payable $2,000

per month. What type of lease is this? What is the minimum notice of termination for this lease

under both common law and under a modern approach?




|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]

, TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!


✓ This is a periodic tenancy that is year-to-year. If the tenant sought to terminate this lease,
they would need to give six month advance notice under common law and three months
notice under modern law.


Landlord leases the property to Tenant. The lease is for a month-to-month tenancy, starting on

the first day of the month. Tenant notifies Landlord on 11-16-01 of an 11-30-01 termination,

and Tenant leaves accordingly, paying no further rent. Landlord re-rents as of 4-1-02. No

governing statute or lease provision. Landlord sues Tenant for unpaid rent for the months of

12/01 and 1/02-3/02. What's the result?

✓ The Landlord can charge the Tenant for rent through the following month (12/31/01)
because the Tenant was required to give a notice of termination at least a month in
advance, and failed to do so.


What is a Tenancy at Will?

✓ A tenancy that states no fixed period of time, and will last as long as the tenant and the
landlord desire.


In the event of a Holdover Tenant, what two options does a Landlord have in seeking to fix

the issue?

✓ 1. Evict the Holdover Tenant; or
✓ 2. Consent to the creation of a new Tenancy, either expressly or implied by acts.


Who are the protected classes under the Federal Fair Housing Act?




|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $21.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69052 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$21.49
  • (0)
Add to cart
Added