Flashcards in Chapter 12; Leases, Landlord And Tenant. Key Terms Part 1 Deck (12):
Suit for possession; legal removal of a tenant.
Transfer of primary responsibility for a lease to another party.
Certified property manager
A designation by the Institute of real estate.
A tenant is forced to move because the apartment becomes uninhabitable.
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.
Estate for years
A lease for definite of time.
A lease under which landlord pays taxes, insurance, and other expenses. Example: a person's rent.
A rental of land on which tenants direct their own buildings. These leases typically are very long time 50, 100, 1000 years.
A situation when a tenant remains after a lease period has expired.
Implied warranty of habitability
A landlords responsibility for decent conditions.
An agreement transferring use of real estate for a period of time. This is usually considered personal property for that period of time.