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37 Cards in this Set
- Front
- Back
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Chapter 12
Actual eviction |
Suit for possession, legal removal, of a tenant. |
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Assignment |
Transfer, of primary responsibility, for a lease, to another party. Example contract, mortgage, lease, or other instrument. |
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Certified property manager (C. P. M.) |
Designated, by The, Institute of Real Estate Management. |
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Constructive eviction |
Landlord, fails to provide, basic Services necessary, for human habitation, such as, heat, electricity, or water, and, the premises, become uninhabitable. The tenant is force to move. |
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Demise |
A transfer, of property, by lease. |
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Estate for years |
Lease, with a definite, period, of time.
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Periodic estate |
Automatically renews. Landlord and tenant, enter into an agreement, that continues, for an indefinite length of time, without a specific, expiration date. Rent is payable, at definite intervals. |
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Tenancy, at Will |
The right to possession, until the estate, is terminated by, the landlord, or tenant, term of this estate, is indefinite |
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The four types of leasehold Estates are? |
1. Estate for years. 2. Periodic estate. 3. Tenancy at will. 4. Tenancy at sufferance. |
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Tenancy, at sufferance |
Tenant, holds possession of premises, without consent of the landlord |
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Gross lease |
Landlord, pays all property charges, regularly incurred, such as, taxes, insurance, and other expenses. |
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Ground lease |
Landlord, leases, land to a tenant, who agrees to, erect a building on it. Lease of land only. |
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Holdover tenancy |
Lessee, retains possession, of a leased property, after the lease has expired, and the landlord, by continuing, to accept rent, agrees, to the tenants, continued occupancy. |
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Implied warranty, of habitability |
Leased property, is fit for, human habitation, and the tenant is not subject to, any conditions, that could endanger Life, Health, or safety. |
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Lease |
Agreement, transferring use of real estate, for a period, of time. |
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lessee |
Tenant |
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Lessor |
Landlord |
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Management agreement |
Property managers, employment agreement |
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Net lease |
Tenant, pays rent, also some or all cost of maintaining the property such as taxes, Insurance, utilities, and repairs. |
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Percentage lease |
Lease, commonly used in malls, rent is based on, the tenants, gross sales |
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Sublease |
Agreement giving tenancy, to another, the original tenant, is still responsible |
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Summary proceeding (dispossessed proceeding) |
How the landlord, regains possession, of property when a tenant, breaches a, lease or, improperly retains possession. |
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Suit For possession |
Landlord, court action, to evict tenant. |
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Truth in renting |
State requirements, that tenants, be notified, of their rights. |
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A residential lease, must contain notice, of the right to attorney review, if it? |
Is for a period, of 1 year, or more. |
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A lease, is considered to be? |
Personal property. |
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only the next six months. Dana has an? A. Estate for years. B. Periodic estate. C. Tenancy at Will. D. Tenancy at sufferance.
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Answer. A. Estate for years. |
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James agrees, to rent his upstairs apartment, to Dana, from month to month. To end the arrangement, James must?
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Give at least, one month notice, before, the day, the rent is due. |
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A lease, properly acknowledged, may be recorded, if it is for, a period, of more than? |
Two Years. |
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The prospective tenant, is entitled to, and attorney review of a residential lease, that runs, for as short of a term as? |
One year. |
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The tenant, who transfers, the entire remaining term, of his lease to, a third party, is? |
Assigning the lease. |
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If a landlord, turns the heat down to, 55 degrees, the tenant may stop paying rent & move because of? |
Constructive eviction. |
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A gross lease, is most likely, to be used for, rental of a? |
Apartment building. |
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A percentage lease, provides for a? |
Definite monthly rent, plus a percentage, of the tenants gross receipts, in excess, of a certain amount. |
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A ground lease, is usually? |
Long-term. |
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The Department, of Community Affairs, inspect buildings, with three or more Apartments. |
At least every five years for compliance, with building, and construction standards |
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With a triple net lease, the tenant pays everything except? |
The mortgage. Chapter 12 |
