Chapter 12; Leases, Landlord And Tenant. Key Terms Part 1 Flashcards Preview

Real estate license study > Chapter 12; Leases, Landlord And Tenant. Key Terms Part 1 > Flashcards

Flashcards in Chapter 12; Leases, Landlord And Tenant. Key Terms Part 1 Deck (12)
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1
Q

Actual evection

A

Suit for possession; legal removal of a tenant.

2
Q

Assignment

A

Transfer of primary responsibility for a lease to another party.

3
Q

Certified property manager

A

A designation by the Institute of real estate.

4
Q

Constructive evection

A

A tenant is forced to move because the apartment becomes uninhabitable.

5
Q

Demise

A

A transfer of property by lease.

conveyance or transfer of property or a title by demising.

LAW: convey or grant (an estate) by will or lease.

6
Q

Estate for years

A

A lease for definite of time.

7
Q

Gross lease

A

A lease under which landlord pays taxes, insurance, and other expenses. Example: a person’s rent.

8
Q

Ground lease

A

A rental of land on which tenants direct their own buildings. These leases typically are very long time 50, 100, 1000 years.

9
Q

Holdover tenancy

A

A situation when a tenant remains after a lease period has expired.

10
Q

Implied warranty of habitability

A

A landlords responsibility for decent conditions.

11
Q

Lease

A

An agreement transferring use of real estate for a period of time. This is usually considered personal property for that period of time.

12
Q

Leesee

A

This is the tenant, not the owner.

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