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15 Cards in this Set
- Front
- Back
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lease |
an agreement in which one party receives temporary possession of another's property in exchange for rent |
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rent |
the consideration given in return for temporary possession |
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landlord |
the person who owns the property being rented or leased |
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tenant |
person who is renting or leasing |
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leasehold estate |
the ownership interest of the tenant |
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periodic tenancy |
arises when the leasehold is for a renewable period with rent due at scheduled intervals |
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tenancy for years |
whe a lease hold is fo a definte period of time |
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tenancy at sufferance |
if a tenant remains in possession after a lease has expired |
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tenancy at will |
party possesses land with the owner's permission but without an agreement as to the term of the lease |
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eviction |
when the landlord has someone removed, usually due to lack of payment |
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constructive eviction |
the tenant leases the premises because of such condition |
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assignment of a lease |
a tenant may assign the lease or may sublease the premises |
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subletting |
when the tenant leases all of the property to a third person, or leases part of the property |
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warranty of habitability |
landlord is required to provide residential property in a condition ........ |
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duty of reasonable care |
lease can be terminated by agreement before the expiration of the term |
