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Leasehold Estate
Type of property ownership that involves a Tenant and Landlord
Landlord/Lessor
Party granting lease
Tenant/Lessee
Party whom lease is granted
Revisionary Right
Landlords right to own property after tenants lease ends
Estate of years
Estate that has a starting and ending date
Periodic Estate
Estate that is automatically renewed at the end of the lease period
Estate at Will
Estate with no documents, or rental period. Can be ended at any point with notice
Tenancy at Sufferance
Estate that a tenant is in possession of beyond lease term. Turns into periodic estate if paid
NY Housing Stability and Tenant Protection Act of 2019
Law passed that protected Tenants, no application fee over $20. Security deposit must be paid within 14 days, previous evictions cannot get you evicted
Note 
Flashcard (59)