Term
What are the req's for Joint Tenancy? |
|
Definition
TTIP Time, Title, Interest, Possession Must be granted interest at the same time, in the same docutment, with each party receiving the same amount, and they take possession at the same time. |
|
|
Term
What words must be used to create a joint tenancy? |
|
Definition
Must say as joint tenants with a right of survivorship |
|
|
Term
What happens if a joint tenant wants out? |
|
Definition
He can partition the property and his portion becomes his own interest, and the remaining joint tenants will still have a joint tenancy. *Must be done during lifetime, can't be donw by will. |
|
|
Term
Can you severe a joint tenancy by will? |
|
Definition
|
|
Term
If a joint tenant mortgages his interest does it sever the joint tenancy? |
|
Definition
Majority: In a lien theory state, there is no severance of the joint tenancy Minority: In a Title theory state, there is severance |
|
|
Term
If you contract away your joint tenancy on May 1st, and it doesn't go into effect till August, when does the severance occur? |
|
Definition
|
|
Term
How can you terminate a tenancy by entirety? |
|
Definition
1. Death 2. Mutual agreement in writing (one party can't sever) 3. Divorce 4. Execution by a JOINT creditor |
|
|
Term
Do you have to share the profit you receive on the land with other co-tenants? |
|
Definition
No, subject to 4 exceptions: 1. Ouster: if one tenant is claiming exclusive right of property or keeping other tenant off land 2. Agreemetn to share (if prior agreement says) 3. Lease of property by a co-tenant to a 3rd party 4. Depletion of natural resources |
|
|
Term
|
Definition
When one co-tenant forces other co-tenants to pay their share for expenditures made on the property. |
|
|
Term
What are some contributions required to be paid? |
|
Definition
1. Mortgage 2. Taxes 3. Repairs |
|
|
Term
What are the four landlord-tenant estates? |
|
Definition
1. Estate for years 2. Periodic Tenancy Tenancy at Will Tenancy at Sufference |
|
|
Term
How can you tell if a lease if a tenancy for years? |
|
Definition
Does not have to actually be for a year, just has to have a specific starting date, and ending date. There does not have to be any notice to terminate the lease. |
|
|
Term
How can a tenancy for years satisfy the statute of frauds? |
|
Definition
Any tenancy over one year must be in writing. A one year lease or less can be oral. |
|
|
Term
What is a periodic tenancy? |
|
Definition
Key word: Repeating The estate rolls on and on until one party gives proper notice. They are created by express agreement, but there will be no agreement as to duration. Will be measured by the length of the rent payment. (ex: month to month, or year to year) |
|
|
Term
What happens if a landlord and tenant create an oral lease that doesn't satisfy the statute of frauds? |
|
Definition
Will be a periodic tenancy, and will be presumed to be measured by the duration of the rent payments. Ex: you pay one year's rent, and the landlord accepts it, then you are good for that year under a periodic tenancy. |
|
|
Term
What type of tenancy do hold over tenants get? |
|
Definition
They create a periodic tenancy, and if they pay another rent check, they can live for however long that check was for. |
|
|
Term
How are periodic tenancies terminated? |
|
Definition
Notice. If you don't give proper notice, you are requried to pay the next months rent check. Must give notice in the amount of time equal to that of the tenancy, except in year leases must give 6 month notice. *Must also give the correct EFFECTIVE date the lease will terminate. |
|
|
Term
|
Definition
Any party can terminate this tenancy at any time, without notice. There can be termination by operation at law if: death of either party, waste by tenant, assignment by operation of law, or transfer of title by landlord, or leased by landlord to a third party. |
|
|
Term
|
Definition
Only occurs in one situation, when a tenant wrongfully holds over on the property. The landlord can either: Sue to evict, or Impose a new periodic tenancy. |
|
|
Term
What happens if you are a holdover tenant, but the landlord has now increased the rent? |
|
Definition
If the tenant had notice of the raise in rent before the expiration of the lease, then the landlord may properly demand payment of the higher rent amount if tenant holds over. |
|
|
Term
What are the landlord's options if a tenant abandons the lease? |
|
Definition
Can accept the abandonment and tenant isn't liable for any further payments, or Can relet the property and tenant will be liable for any defeciency. |
|
|
Term
Implied Warranty of Habitability |
|
Definition
Modern rule follows that landlord has a duty to provide a reasonably suited premises for RESIDENTIAL use only! |
|
|
Term
What can tenant do if they move into a place that is not habitable to live? |
|
Definition
Since residential, it means landlord violated the implied warranty of habitability. The tenant can move out and end the lease, or tenant can stay on property and sue for damages. Some states allow tenant to make repairs and deduct costs from future rent payments. |
|
|
Term
Implied Covenant of Quiet Enjoyment |
|
Definition
Applies to ALL leases whether residential, commercial, or otherwise. Says that landlord won't interere with the tenant's quiet enjoyment of the leased premises. The landlord can breach this 3 ways: total eviction, partial eviction, or constructive eviction. |
|
|
Term
What are the ways a landlord can breach the implied covenant of quiet enjoyment? |
|
Definition
1. Total Eviction- throw tenant off property 2. Partial Eviction- don't allow tenant to use some portion of the leased property 3. Constuctive Eviction- the landlord has a duty to provide a service and they don't so it leaves the property so bad that it's uninhabitable. |
|
|
Term
What are the 3 requirements to establish a constructive eviction? |
|
Definition
Must be landlord's failure to provide some service, not a third party Must be a substantial interference with the tenant's quiet enjoyment of the property Tenant must abandon within a reasonable time |
|
|
Term
|
Definition
When the tenant transfers all of their remaining rights in a property. |
|
|
Term
|
Definition
When sublease is over there is a reversion back to the original tenant. |
|
|
Term
Privity of Contract vs. Privity of Estate |
|
Definition
The original landlord and tenant who create a lease have privity of K. Any parties that take assignments later will not have privity of K, UNLESS they make a specific agreement with the landlord. Whoever is living on the premises at the time the rent is due has privity of estate. Previous or future parties do not have this, only current tenant. |
|
|
Term
What does a landlord need to sue for rent from a assignee of a lease? |
|
Definition
Must have either: Privity of Estate or Privity of K with the person. |
|
|
Term
Is the assignee liable for any covenants in the lease? |
|
Definition
Rent covenants are Always enforced. Other covenants are enforceable if they "run with the land", which means it must touch and concerns the land. (i.e. does it make the land more valuable) |
|
|
Term
Can a tenant sue a new landlord for a covenant that was contained in the original lease with landlord 1? |
|
Definition
There is no privity of K, but there may be privity of estate if the covenant runs with the land. The second landlord could also be liable if he expressly assumed liability. |
|
|
Term
Can a tenant sue the original landlord to enforce a covenant in the lease, if the landlord has sold the property? |
|
Definition
Yes, because there is privity of K. |
|
|
Term
How are subleases different from assignments? |
|
Definition
An assignment grants the tenant privity of estate, which allows the landlord the right to collect rent. A sublease is not considered an actual transfer of the estate, so there is no privity of estate and no right to collect rent payments. |
|
|
Term
Can you waive a non assignment clause? |
|
Definition
Yes, and once you have waived the right once, it is waived all together. |
|
|
Term
What happens when the state takes eminent domain over property that has been leased to a tenant. Does the lease end, and does the tenant get any condemnation money? |
|
Definition
Partial Taking: If only partial taking, the rent is still due in full, and the renters will get a condemnation check equal to the portion taken from them. Full Taking: The lease will be canceled, and they will get a condemnation check equal to the amount that the fair rental value of the property exceeds the amount due under the lease. |
|
|
Term
When is the landlord liable for injured parties at a tenant's premise? |
|
Definition
1. Latent Defects 2. Short term lease of furnished dwelling (less than 3 months) 3. Common passageways under landlord's control 4. Negligent Repairs Undertaken by Landlord 5. Public Use Exception: landlord must know or should know of major defect, landlord must know or should that tenant will not fix defect, and landlord knows the public will be using the premises. |
|
|
Term
What are the four factors used to determine fixtures? |
|
Definition
1. Degree of attachment 2. General Custom 3. Degree of Harm to premise if removed 4. Trade fixtures |
|
|
Term
When does a tenant have to remove personal property? |
|
Definition
Items must be removed BEFORE the tenant vacates at the end of the lease, and teh seller must remove item before closing, or the seller will lose the chattel |
|
|