12 Landlord Tenant R & R

12 Landlord Tenant R & R - CHAPTER12...

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1 CHAPTER  12 LANDLORD  &  TENANT   RELATIONS I’M  HERE  TO   COLLECT  THE   RENTS
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2 FREEHOLD  ESTATE -   Rights of the owner. Fee Simple Estates Fee Simple Absolute Fee Simple Qualified
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3 Life Estates In reversion In remainder In reservation
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4 Less than – Freehold –  Rights of Tenant Lease Lease hold Chattel Real
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5 TYPES  OF  LEASEHOLD   ESTATES LESSOR (Landlord) LESSEE (Tenant) Lease     Agreement
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6 ESTATE  FOR  YEARS (Tenancy for fixed Term) ESTATE  FROM  PERIOD TO PERIOD (Periodic Tenancy) ESTATE  AT  WILL (Not in California) ESTATE  AT  SUFFERANCE (Possess at End of Lease)
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7 REQUIREMENTS of a valid lease. 1. Writing if more than one year. 2. Names of Lessor & Lessee. 3. Describe Property. 4. Rent Amount and How Paid.
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8 5. Duration of Lease Urban = 99 year Maximum Rural/Ag. Land = 51 year Maximum 6. Signed by Lessor not Required by Lessee should sign. 7. Capable Parties. 8. Renewal Provisions Boldface Type.
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9 SECURITY  DEPOSITS
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10 RESIDENTIAL  PROPERTY Furnished Unit – Mos. Rent is Maximum. Unfurnished Unit – Mos. Rent is Maximum. Must be refunded or used and accounted for in 21  days. Can never be labeled non-Refundable.
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11 ASSIGNMENT  TRANSFERS ENTIRE  LEASHOLD ASSIGNMENT Leases who assigns  $800 leases to Lessor Lessee A Assignee B Assignee B pays $800 directly to lessor 
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12 SUBLEASE =  LIABILITY  OF  ORIGINAL 
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12 Landlord Tenant R & R - CHAPTER12...

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