Check Your Understanding Answers
- What is theUniform Residential Landlord and Tenant Act (URLTA)?
The Uniform Residential Landlord and Tenant Act (URLTA) is a model law enacted as a blueprint for state laws to regulate leasing and management practicesof landlords with residential properties.
- Describe a lease.
A lease is both an instrument of conveyance and a contract between principal parties to uphold certain covenants and obligations. As a conveyance, a lease conveys an interest, called the leasehold estate, but does not convey legal title to the property.
- Which type of leasehold estate is commonly referred to as periodic tenancy?
Estate from period to period
- What is estate at sufferance?
This estate is created when a tenant takes legal possession of the property but then remains on the property without the owner’s consent after the lease terminates.
