Nonfreehold/leasehold estates Flashcards
(11 cards)
Nonfreehold estate grants the right of ______
right of quiet enjoyment - to use and possess, but not own, real property
Under a lease, the tenant possesses a _____ estate, and the landlord possesses a ____ estate
- the tenant possesses a leasehold estate
- the landlord possesses a reversion estate
At the end of a leasehold estate, the right of quiet enjoyment reverts to ___
the property owner
What is an estate for years?
A kind of leasehold estate, with a specific start & end date
Does an estate for years convey actual title or the right of disposition?
no, it only establishes an interest in real property
What is a tenancy at will?
- another kind of leasehold estate
- It does not state a specific expiration of time
What details are included in a tenancy at will?
The terms show the amount to be paid, and if it’s a weekly or monthly rental
When does a tenancy at will often occur?
Often occurs after a longer term lease has expired and the tenant needs extra time before vacating
What is a tenancy at sufferance?
tenant stays without consent beyond the end date of legal tenancy
tenant makes the landlord suffer by staying too long
What rights does a tenant in a tenancy at sufferance have?
no estate or title; not entitled to notice to terminate
If the landlord (‘lessor’) gives written consent, a tenancy at sufferance converts into a ____
tenancy at will