LEASEHOLD ESTATE
estate for years
A family rents a house from January 1st to June 30th. This is considered a(n): a. periodic tenancy b. estate for years c. life estate d. estate at sufferance
periodic tenancy
A month-to-month lease is considered a(n): a. periodic tenancy b. estate for years c. life estate d. estate at sufferance
estate for years
If one uses the words "of definite duration" to describe a lease, it is most likely a(n): a. periodic tenancy b. estate for years c. life estate d. estate at sufferance
Leasehold estate
an estate held by someone who rents or leases property
estate at will
can be ended at any time
estate
duration of ownership
name the types of leasehold estates
estate for years periodic tenancy estate at will estate at sufferance
estate at sufferance
landlord would have to legally evict the tenant
estate at will
lessee has the right to possession until terminated
trespass
never had the right to be there
estate for years
example: 6 months or July 2 - October 23
estate for years
fixed period of time
periodic tenancy
follows a period such as: week to week month to month year to year
name the two types of estate
freehold estate & Leasehold estate
real
immovable
estate for years
no notice to be terminated is needed
periodic tenancy
not bound to a lease with a fixed period
periodic tenancy
proper notice must be given to terminate this lease
estate at sufferance
tenant does not pay rent
estate at sufferance
the tenant holds over after the expiration of the lease
estate at will
the terms of the estate is indefinite
estate at sufferance
this is not a form of trespass as the tenant had the right to possession at one point
no, b/c you already have an end date
Is a notice needed to terminate an estate for years? Explain
no b/c the tenant had the right to possession at one point
Is an estate at sufferance a form of trespassing? Explain
estate at sufferance
Joe leases a residence from Stephen on a three-month written lease. Upon expiration of the written lease, Joe retains possession of the property w/o the consent of Stephen. Stephen now holds a(n): a. estate at sufferance b. estate for years c. estate at will d. periodic tenancy subject to eviction
a life estate
All of the following are considered leasehold estates EXCEPT: a. an estate for years b. a life estate c. a periodic tenancy d. an estate at sufferance