This concludes Chapter 10. Below is a brief summary which you can review before you take your chapter quiz.
The four main types of Leasehold Estates are An Estate for Years (definite beginning and ending date); Estate From Period to Period (periodic tenancy); Estate at Will (stay without a lease) and Estate at Sufferance (tenant must be evicted through the court).
Actual Eviction: landlord's remedy to regain possession of property; Constructive Eviction: tenant must vacate the property, send notice to the landlord, and put the rent money in escrow.
A lease is an agreement that creates a landlord-tenant relationship. The Lessor (owner) has a freehold interest; the Lessee (tenant) has a leasehold interest.
California Statute of Frauds:
A California lease has the following minimum requirements:
Regarding California leases and rent:
An assignment is the transfer of a tenant's remaining rental rights (not responsibilities) in a property to a third party; Subletting, or subleasing, is the partial transfer of a tenant's right in a rental property to a third party. Both transfer possession only, not ownership.
A sandwich lease is a leasehold interest in a property that lies between the ownership interest and the tenancy interest. A lease renewal creates a new and distinct tenancy. Lease extension is a continuation in possession under the original lease.
Security deposits:
Landlord’s rights and responsibilities:
The landlord may ONLY enter the rental property under certain circumstances and at certain times, and must always give or attempt to give advance notice, EXCEPT in the case of an emergency.
Tenants’ rights and responsibilities:
Rental offset: the tenant has the right to spend up to one month's rent in repairs.
Eviction is the legal procedure of removing a tenant from a property because there is a breach of the lease or rental agreement. It is ILLEGAL for a landlord to forcibly remove the tenant himself, or to take matters into the landlord's own hands.
No. | Subject | Date | Views |
---|---|---|---|
Notice | 부동산 용어사전 | 2019.04.15 | 2372 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1601 |
111 | TEST 18 | 2019.03.23 | 630 |
110 | Chapter 18 Conclusion | 2019.03.23 | 209 |
109 | TEST 17 | 2019.03.23 | 257 |
108 | Hudson Yards | 2019.03.16 | 106 |
107 | TEST 17 | 2019.03.10 | 237 |
106 | Chapter 17 Conclusion | 2019.03.10 | 146 |
105 | TEST 16 | 2019.03.10 | 175 |
104 | TEST 15 | 2019.03.07 | 130 |
103 | Chapter 15 Conclusion | 2019.03.07 | 448 |
102 | TEST 14 | 2019.03.07 | 116 |
101 | Chapter 14 Conclusion | 2019.03.07 | 131 |
100 | TEST 13 | 2019.03.07 | 165 |
99 | Chapter 13 Conclusion | 2019.03.07 | 108 |
98 | TEST 12 | 2019.03.06 | 353 |
97 | TEST 11 | 2019.03.06 | 159 |
96 | CHAPTER 11 | 2019.03.06 | 135 |
95 | TEST 10 | 2019.03.05 | 235 |
» | Chapter 10 | 2019.03.05 | 252 |
93 | SUMMARY 9 | 2019.03.05 | 78 |
92 | TEST 9 | 2019.03.05 | 184 |
91 | Chapter 8 Quiz | 2019.03.04 | 144 |
90 | Chapter 8 Conclusion | 2019.03.04 | 272 |
89 | DEED | 2019.03.04 | 94 |
88 | warranty deed 여섯 가지의 covenant | 2019.03.04 | 96 |
87 | Chapter 7 (TEST) | 2019.03.04 | 153 |
86 | Chapter 6 Quiz | 2019.03.04 | 441 |
85 | TEST 5 - Correction | 2019.03.02 | 258 |
84 | Chapter 5 Conclusion | 2019.03.02 | 103 |
83 | Condominium Ownership and Time Shares | 2019.03.02 | 96 |