Termination at Common Law Flashcards
(5 cards)
1
Q
how can leases be terminated at common law?
A
- effluxion of time
- notice to quit
- surrender
- merger
2
Q
explain effluxion of time and which leases it terminates
A
automatic at end of term. No notice needed.
ends fixed term leases
3
Q
explain notice to quit and which leases it terminates
A
Must give 1 full period’s notice, this will expire at the end of the expiry month.
Exception = 6m notice for yearly tenancy
ends periodic leases
4
Q
explain surrender
A
LL & T must agree. Lease merges w LL’s reversion and is extinguished.
must use deed to be legal
5
Q
explain merger
A
T acquires LL’s reversion or 3rd party acquires lease + reversion.
Lease extinguished unless intentionally preserved