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

Question 1

Actual evection

Answer 1

Suit for possession; legal removal of a tenant.

Question 2

Assignment

Answer 2

Transfer of primary responsibility for a lease to another party.

Question 3

Certified property manager

Answer 3

A designation by the Institute of real estate.

Question 4

Constructive evection

Answer 4

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

Question 5

Demise

Answer 5

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.

Question 6

Estate for years

Answer 6

A lease for definite of time.

Question 7

Gross lease

Answer 7

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

Question 8

Ground lease

Answer 8

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

Question 9

Holdover tenancy

Answer 9

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

Question 10

Implied warranty of habitability

Answer 10

A landlords responsibility for decent conditions.

Question 11

Lease

Answer 11

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

Question 12

Leesee

Answer 12

This is the tenant, not the owner.