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Lecture Dynamic business law (3/e) - Chapter 50: Landlord-tenant law

Chapter 50, landlord-tenant law. After reading this chapter, you will be able to answer the following questions: How is the landlord-tenant relationship created? What are the rights and duties of the landlord and tenant? What are landlords’ liabilities for injuries on the premises? How are interests in leased property transferred? How are leases terminated? | Chapter 50 Landlord-Tenant Law Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Chapter 50: Landlord-Tenant Law 50- Landlord-Tenant Law: Terminology Landlord (Lessor): Property owner Tenant (Lessee): Party who assumes temporary possession of property Leasehold Estate: Property subject to the lease Lease: Contract between landlord and tenant In terms of landlord-tenant law and its related terminology, the landlord, or “lessor,” is the property owner, while the tenant, or “lessee,” is the party who assumes temporary possession of the property. The “leasehold estate” is the property subject to the lease, while the “lease” represents a contract between the landlord and the tenant. 50- Types Of Leases Definite Term: Automatically expires at end of designated term Periodic Tenancy: Created for a recurring term Tenancy At Will: Termination may occur at any time Tenancy At Sufferance: Tenant fails to leave property after termination of lease Types of leases include a lease for a definite term, a periodic tenancy, a tenancy at will, and a tenancy at sufferance. A lease for a definite term automatically expires at the end of designated term. A periodic tenancy is created for a recurring term. With a tenancy at will, lease termination may occur at any time. A tenancy at sufferance occurs when the tenant fails to leave the property after termination of the lease. Fair Housing Act Prohibits landlords from discriminating on basis of race, color, sex, religion, national origin, or familial status 50- The Fair Housing Act prohibits a landlord from discriminating on the basis of race, color, sex, religion, national origin, or familial status. 50- Rights and Duties of Landlord and Tenant: Terminology and Rules of Law Covenant of Quiet Enjoyment: Promise that tenant has right to quietly enjoy the land Actual Eviction: Landlord physically prevents . | Chapter 50 Landlord-Tenant Law Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Chapter 50: Landlord-Tenant Law 50- Landlord-Tenant Law: Terminology Landlord (Lessor): Property owner Tenant (Lessee): Party who assumes temporary possession of property Leasehold Estate: Property subject to the lease Lease: Contract between landlord and tenant In terms of landlord-tenant law and its related terminology, the landlord, or “lessor,” is the property owner, while the tenant, or “lessee,” is the party who assumes temporary possession of the property. The “leasehold estate” is the property subject to the lease, while the “lease” represents a contract between the landlord and the tenant. 50- Types Of Leases Definite Term: Automatically expires at end of designated term Periodic Tenancy: Created for a recurring term Tenancy At Will: Termination may occur at any time Tenancy At .