Week 1--Introduction; Landlord-Tenant Law

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20 Terms

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Property Law

Governs the legal relationships between people with respect to things, both tangible and intangible.

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Possession

Physical control over an object; does not equate to ownership.

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Ownership

Legal right to control and use a property.

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Bundle of Sticks

Metaphor for the different rights associated with property ownership including possession, use, and transfer.

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Leasehold

Legal interest in a property granted to a tenant through a lease agreement.

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Tenancy for a Term of Years

Lease with a fixed start and end date that ends automatically.

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Periodic Tenancy

Lease that automatically renews unless proper notice is given.

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Tenancy at Will

Lease that endures at the desire of either party, terminates on death or assignment.

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Tenancy at Sufferance

Occurs when a tenant holds over after lease expiration without permission.

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American Rule

Landlord only owes an implied obligation to deliver legal right of possession, not actual physical possession.

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English Rule

Landlord must deliver actual physical possession of the property on Day 1 of the lease term.

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Privity of Contract (POC)

Legal relationship created by the contractual promises between original parties.

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Privity of Estate (POE)

Legal relationship based on a direct property connection between landlord and possessor.

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Assignment

Transfer of a tenant's entire remaining interest in a lease.

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Sublease

Transfer of less than the tenant's full interest in a lease.

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Consent Clause

Provisions in a lease requiring landlord approval for transfer of interests.

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Tenant Default

Failure by the tenant to meet lease obligations such as non-payment of rent.

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Self-Help Rule

Traditional rule allowing landlords to claim possession without going through courts, now largely prohibited.

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Statutory Judicial Procedures

Legal processes mandated for landlords to evict defaulting tenants.

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Breach of Lease

Violation of the terms set forth in a lease agreement.