Real Property: Landlord-Tenant Law (The Leasehold Estate) [LEAP Preview]

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10 Terms

1
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Landlord-Tenant Relationship

A legal relationship where the tenant pays rent to the landlord for a possessory interest in the landlord's property.

2
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Tenancy for Years

A type of lease that lasts for a fixed and ascertainable amount of time and automatically terminates when the term expires.

3
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Periodic Tenancy

A type of lease that lasts for an initial fixed period and continues for additional equal periods until either side gives advance notice.

4
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Tenancy at Will

A type of lease that has no fixed duration and can be terminated at any time by either party, with or without notice.

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Tenancy at Sufferance

A situation where a tenant continues to occupy the property after the lease has expired, without the landlord's consent.

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Advance Notice

A requirement for terminating a periodic tenancy that must match the length of the fixed period in the lease.

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Discharge of Obligations

The point at which the duties of both landlord and tenant end, after the termination of the landlord-tenant relationship.

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Holdover Tenant

A tenant who remains in possession of property after their lease has expired, potentially creating a tenancy at sufferance.

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Rent Liability

The tenant's obligation to continue paying rent, especially during a tenancy at sufferance.

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Fixed Period

The specific duration outlined in a lease agreement that determines how long the tenancy lasts before automatic termination.