Tenancy for Years (i.e., Estate For Years / Term of Years) Flashcards Preview

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Flashcards in Tenancy for Years (i.e., Estate For Years / Term of Years) Deck (5):
1

A TFY is a lease for a . . .

Fixed period

2

When you know the termination date from the start, you have a . . .

TFY

3

Because a term of years states from the outset when it will terminate, is notice needed to terminate?

No

4

L leases BA to T "from Jan 1, 2011 to July 1, 2011." Which for of tenancy exists? Why?

TFY

Lease for a fixed period

5

What rule kicks in when the TFY is greater than one year? Why?

Must be written

Statute of Frauds