Unit 5 Essay

1384 Words Dec 20th, 2012 6 Pages
Ashley Kitko
Unit 5 assingment
Landlord and tenet law
Prof: Mark Baum

What is the difference between real property and tangible personal property?
Real property is property that can not be moved off the grounds. Any thing that is attached to the property is cancidered real property.
Tangible personal property are things that are on the property that can be moved off the property.
Real Property refers to land and things permanently attached to the land. Personal property generally refers to everything else: the items which are movable and not a part of the land. http://wiki.answers.com/Q/What_is_the_difference_between_real_property_and_personal_property Differentiate between an ownership and a possessory interest in
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A fixed term can also be as short as one week just as long as it has a start and end date. Read more at this site http://www.propertydo.com/fixed-term-tenancy.html What Happens When the Fixed Term Tenancy/Tenancy for Years Expires?
Well my lease was only for one year. The office will let us know what we need to do. I do know that when the lease is up we have two choices we can sign another year lease or we can move out. If I am thinking right if we do not want to stay another year we will have 30 days to be out.

What is a periodic tenancy?
My sister has had this kind of lease. It is were you have a month to month lease or it could even be week by week. It all depends on the owner of the rental property.

What is a tenancy at will?
Tenancy at will expresses an agreement between a landlord and renter or tenant to occupy a property, provided rent continues to be paid, for an unspecified period of time, so long as both landlord and renter agree about the renter retaining tenancy.

Compare and contrast joint tenancy and tenancy in common.
By contrast, joint tenants and tenants by the entirety own equal shares of the property. Furthermore, tenants in common may acquire their interests from different instruments: joint tenants and tenants by the entirety must obtain their interests at the same time and in the same document. http://legal-dictionary.thefreedictionary.com/Tenancy+in+Common Michigan landlord and tenet laws

In Michigan there are laws that a

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