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14 Cards in this Set
- Front
- Back
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Landlord
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Lessor
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Tenant
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Lessee
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Leasehold Estate
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property interest conveyed to the tenent
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Tenancy for Terms
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automatically ends at a date certain
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Periodic Tenancy
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ends with notice of one full period
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Tenancy at Will
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ends at any time by either party
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Tenancy at Sufferance
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time period to decide to continue tenancy or evict
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Implied Warranty of Possession
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gurantees the tenants right to possess the property for the term of the lease
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Implied Warranty of Quiet Enjoyment
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gurantees that the tenants possession will not be interfered with as a result of the landlords act or omission
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Waste
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tenant is responsible for the routine care and upkeep of the property and that he has the duty not to committ any act that would harm the property
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Assignment
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occurs when the landlord or the tenant transfers all of her remaining rights under the lease to another person
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Subleasing
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occurs when the tenant transfer to another person some, but not all, of his remaining rights to possess the property
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Evict
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if tenant breaches the lease
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Surrender
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lease may terminate prematurely by mutual agreement between landlord and tenant
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