Real Property Nonfreehold Estates Flashcards
(103 cards)
Tenancy for Years
any estate measured by a fixed period of time
Any tenancy for years for over 1 year must
be in writing to statisfy the statute of frauds
What notice is required in a tenancy for years?
No notice is required between landlord and tenant to terminate the tenancy for years
In GA a tenancy for years is presumed to exist if the lease period is
5 years or more
Usufruct
a contractual privilege or license to use another’s property rather than an estate in land; any lease for less than five years
Periodic Tenancy
a tenancy that continues from year to year or for successive fractions of a year until terminated by proper notice by either party
Periodic tenancies can be created by
1) express agreement 2) implication 3) operation of law
If the lease does not specify how long the tenancy is to last then it is presumed
to be a periodic tenancy measured by the rent payment
Periodic tenancies are created by operation of law in two situations
1) oral leases that violate the Statute of Frauds 2) holdover tenants
To be valid, termination notice of a periodic tenancy must:
1) be given in an amount of time equal to the length of the period of the tenancy except in the case of the year-to-year tenancy which requires only 6 months notice 2) specific an effective date that is at the end of the periodic tenancy
Tenancy at will
an estate in land that is terminable at the will of either the landlord or the tenant
Tenancy at will termination by operation of law:
1) death of either party 2) waste by the tenant 3) assignment by the tenant 4) transfer of title by the landlord 5) lease by landlord to a third party
GA tenancy at will
GA imposes a notice requirement in order to terminate this tenancy (60 days for landlord and 30 days for tenant)
Tenancy at sufferance
arises when a tenant wrongfully remains in possession after the expiration of the lawful tenancy (tenant still liable for rent)
Landlords 2 options w/ a holdover tenant:
1) sue to evict and recover damages 2) impose a new periodic tenancy
In GA the landlord must _________ for a holdover tenant
continue to provide utilities until the eviction process is complete
If the expired tenancy was for less than a year the new period will be ________ for residential property.
month to month
If the expired tenancy was for a year or more the new periodif tenancy will be ______ for commercial property.
year to year
If the landlord gives the tenant ______of the increase in rent _______ the expiration of the lease, then the landlord may ________.
notice; before; properly demand payment of the higher rent amount if the tenant holds over.
Modern majority view on tenants covenant to repair
the tenant is liable for everything- including ordinary wear and tear unless the agreement expressly excludes this responsibility from the covenant
At common law if the tenant failed to pay
the landlord could sue for damages (for the amount in arrears) but could not terminate the lease
Modern view if the tenant failed to pay
the landlord can sue for damages and termiante the lease
By statute in GA there is a _____ day grace period for the tenant to pay rent
7
If the tenant unjustifiably abandons the landlord has two options
1) accept the offer of abandonment by retaking the premises and the tenant has no further rent obligation 2) Relet the premises and hold the tenant liable for any deficiency (common law no duty to mitigate, modern rule must mitigate)