Property Ownership, Transfer of Title & Land Use 12.3.3 Flashcards
1
Q
An Estate at Will is?
A
An open-ended estate when a tenant has the blessing of the landlord, property owner or the property manager to continue on in the property.
This estate terminates by notice or with the death of either party.
2
Q
An Estate at Sufferance is
A
the wrongful holdover of a tenant meaning they do not have the permission of the landlord, owner, nor property manager to stay in the property.
The landlord will then pursue eviction in accordance with state and local eviction laws.
3
Q
a lease of less than a year can be oral and still be?
A
legally binding
