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)
1

Actual evection

Suit for possession; legal removal of a tenant.

2

Assignment

Transfer of primary responsibility for a lease to another party.

3

Certified property manager

A designation by the Institute of real estate.

4

Constructive evection

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

5

Demise

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

Estate for years

A lease for definite of time.

7

Gross lease

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

8

Ground lease

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

9

Holdover tenancy

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

10

Implied warranty of habitability

A landlords responsibility for decent conditions.

11

Lease

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

12

Leesee

This is the tenant, not the owner.

Decks in Real estate license study Class (32):