ESSENTIAL ELEMENTS OF A LEASE Flashcards
(3 cards)
1
Q
3 core elements that define a lease
A
- Exclusive possession,
- a certain term,
- and (usually) rent (Street v. Mountford [1985]).
2
Q
Is rent essential to a lease?
A
No. Exclusive possession and certain term are more important (Ashburn Anstalt v. Arnold [1988]).
3
Q
What must the term of a lease be?
A
Certain—must know when it begins and ends (Lace v. Chantler [1944]).
