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25 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Gross lease |
Only a gross lease can be assigned Basic rent |
Basically just renting a place |
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purchase lease R |
To rent a house with the purchase agreement based on the contract you have the option of the end |
To rent a house with the purchase agreement based on the contract you have the option of the end |
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Lease for years |
Example is July 1 to June 30 of the next year |
To rent a house with the purchase agreement based on the contract you have the option of the end |
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Uniform residential landlord and tenant act |
URCTA- model law establishing standards for landlord tenant relations adopted in some form by most states |
Landlord tenant relations |
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Exculpatory clauses |
A Clause that exculpates or excuses a landlord from liability to a tenant for negligence in maintaining leased property |
Landlord is excused from liability if something is not right |
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Estate at sufferance |
The tendency of a lease you will lawfully comes into position of the landlords real estate but who continues to occupy the premises in properly after lease rights have expired |
Tenant wont move when they need to |
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Estate it will |
In a state that gives the leasee the right to possession until the estate is terminated by either party of the term of this estate is indefinite |
In a state that gives the leasee the right to possession until the estate is terminated by either party of the term of this estate is indefinite |
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Estate from period to period |
And interestingly's property that continues from. Two. Week to week month-to-month year-to-year |
Week to week month-to-month etc. |
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Estate for years |
In interest for a certain exact period of time in property leased for specified consideration |
In interest for a certain exact period of time in property leased for specified consideration |
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Requirements for a valid lease |
Competent parties , mutual assent ,legality of the object |
Competent parties mutual Assent legality of the object |
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Net lease |
At least requiring the tenant to pay not only rent but also cost incurred in maintaining the property including taxes insurance utility repair |
Leasee also pays taxes utilities and etc. on building |
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Percentage lease |
Percent of the profit goes |
Places lease from a mall |
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Graduated lease |
Elise and allows for increases or decreases the amount of rent being paid during the lease term or any renewal. Graduating this is a normal either set up and leases allowing for previously agreed-upon increases in the amount of rent |
The cost-of-living consumer price index for both the landlord with the hedge against inflation but the index lease with the floating provision is considered to provide the best hedge against increasing cost for the landlord |
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Balloon payment |
Final payment of the mortgage loan that is considerably larger than the required periodic payment because the loan amount was not fully amateur rise |
Large final payment at the very end |
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Cloud on title |
Any document claim or unreleased lien or encumbrance that may impair the title to real property or make the title doubtful usually revealed by title search search removed by either a quick claim deed or suit to a quiet title |
Bad title like a black cloud over it |
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A ground lease |
To erect building on piece of property that you don't know him but you can always |
Lease the ground up a building |
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Fair housing act |
Not discriminate against race color religion national origin sex familiar status |
No discriminating |
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Constructive eviction |
Actions of Landlord that so disturbed or repair attendance enjoyment of the lease premises that the tenant is effectively forced to move out without liability |
the landlord wouldn't fix the heat you can move out without liability |
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Leasehold interest |
Considered personal property |
Considered personal property |
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Estate for years |
Leasehold estate it continues for definite. The sample one year example vacation property |
Leasehold estate it continues for definite. The sample one year example vacation property |
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Estate at will |
No term open ended kind a like a tenant and at will |
No term open ended kind a like a tenant and at will |
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Freehold estate |
Man passes down to a son |
Man passes down to his son |
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Constructive notice |
Judgment has been recorded whether or not purchases have reviewed |
Judgment has been recorded whether or not purchases have reviewed |
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Mill |
1/1000 assessd value |
1/1000 assessd value |
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General agent |
Authorized for a series of transactions over a continuous period of time |
Authorized for a series of transactions over a continuous period of time |
