What is a leasehold estate?
an estate in land, under which T has a PRESENT POSSESSORY interest in the leased premises and LL has a future interest (reversion)
What are the different types of leasehold estates?
Tenancy for Years, Periodic Tenancy, Tenancy at Will, Tenancy at Sufferance
What is a tenancy for years?
tenancy that lasts for some fixed period of time (to T for 10 years); writing is required under SOF if lease is for more than 1 year
How is a tenancy for years terminated?
ends automatically at termination date (without either party giving notice); LL reserves right of entry (and terminate) if T breaches lease covenants; LL may term if T fails to pay rent; T may surrender if LL accepts (surrender must be in writing if unexpired term exceeds year)
What is a periodic tenancy?
tenancy for some fixed period of time that continues for succeeding periods until either party gives notice of termination
What is an example of periodic tenancy
month to month; rent payable on first day of each month
How is a periodic tenancy created?
How is a periodic tenancy terminated?
automatically renewed until proper notice of termination is given (usually, one full period in advance; for year, just 6 mo.)
What is a tenancy at will?
tenancy of no stated duration that lasts as long as both parties desire
How is a tenancy at will created?
express agreement that gives power of term. at any time to parties; without this agreement, ct will treat as periodic ten. (for the pleasure, as many years as T desires)
How is a tenancy at will terminated?
notice and reasonable time to quite are required (in most states) or operation of law (death, waste)
What is a tenancy at sufferance?
tenant wrongfully holds over after termination of tenancy (T’s lease expires, T continues to occupy premises)
How is tenancy at sufferance terminated?
when LL evicts T or elects to hold T over for another term (no notice of termination is required)
What is the hold-over doctrine?
When a T remains in possession after right of possession ends
What can a LL do under the hold-over doctrine?
What are the exceptions to hold-over doctrine?
What is a lease?
K that governs LL-T relationship
What are a T’s duties under lease?
What does T’s duty to repair include?
T cannot damage (commit waste) the leased premises.
What are the three types of waste a T cannot commit?
What if the leased premises are destroyed without fault of T or LL?
neither party has a duty to restore (unless K says otherwise) but T has a duty to cont. paying rent (generally has option to term. lease)
If a residential T covenants to repair, is the LL still obligated to make repairs?
yes, generally under nonwaivable implied warrant of habit. (except for damages caused by T). But this is not the case in non-residential leases (cov. to repair is enf.)
Can the LL terminate lease if T engages in occasional unlawful conduct?
No
Can LL retain security deposit beyond damages actually suffered?
No - but can retain it if a ‘bonus” after T is evicted