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Leases: Landlord and Tenant- Chap. 12
Essential of New Jersey Real Estate, 12th Edition
24
Real Estate & Planning
Not Applicable
10/01/2016

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Actual eviction

 

 

Definition
suit for possession; legal removal of a tenant

 

 

Term
Assignment

 

 

Definition
transfer of primary responsibility for a lease to another party

 

 

Term
Certified Property Manager

 

 

Definition
designation by the Institute of Real Estate Management

 

 

Term
Constructive eviction

 

 

Definition
tenant is forced to move because apartment becomes uninhabitable

 

 

Term
Demise

 

 

Definition
a transfer of property by lease

 

 

Term
Estate for years

 

 

Definition
lease for a definite period of time

 

 

Term
Gross lease

 

 

Definition
lease under which landlord pays taxes, insurance, and other expenses

 

 

Term
Ground lease

 

 

Definition
rental of land on which tenants erect their own buildings

 

 

Term
Holdover tenancy

 

 

Definition
situation when tenant remains after lease period has expired

 

 

Term
Implied warranty of habitability

 

 

Definition
landlord’s responsibility for decent conditions

 

 

Term
Lease

 

 

Definition
agreement transferring use of real estate for a period of time

 

 

Term
Lessee

 

 

Definition
tenant

 

 

Term
Lessor

 

 

Definition
landlord

 

 

Term
Management agreement

 

 

Definition
property manager’s employment agreement

 

 

Term
Net lease

 

 

Definition
lease in which tenant pays expenses like property taxes, insurance, and so forth

 

 

Term
Percentage lease

 

 

Definition
lease in which landlord shares in gross receipts of tenant’s business

 

 

Term
Periodic estate

 

 

Definition
lease with regular rent payments and no stated ending date

 

 

Term
Property manager

 

 

Definition
person who looks after another’s rental real estate

 

 

Term
Sublease

 

 

Definition
agreement giving tenancy to another; original tenant still responsible

 

 

Term
Suit for possession

 

 

Definition
landlord’s court action to evict tenant

 

 

Term
Summary proceeding

 

 

Definition
another term for dispossess proceeding

 

 

Term
Tenancy at sufferance

 

 

Definition
tenants remaining after lease term without landlord’s consent

 

 

Term
Tenancy at will

 

 

Definition
tenancy that may be terminated when landlord wishes

 

 

 

Term
Truth-in-Renting

 

 

Definition
state requirements that tenants be notified of their rights

 

 

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