Landlord & Tenant Relations: Definitions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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Lessor | show 🗑
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show | The tenant
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show | Tenant wrongfully holds over after the expiration of his or her lease
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Estate at Will | show 🗑
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show | Also called Estate from period to period. Fixed termination date. If less than 1 year oral agreement. If greater than 1 year in agreement is in writing.
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Periodic Tenancy | show 🗑
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show | Tenant pays flat rent. Landlord pays taxes, maintenance, and insurance
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Net Lease | show 🗑
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Graduated Lease | show 🗑
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show | Rent is based on the % of gross sales. Higher the gross sales the smaller the %. The smaller the gross sales the larger the %
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show | Transfers only part of the term of the lessee to a sub-lessee
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show | Allows Sheriff to evict tenant
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show | Property is rented for a period of time at the end of which the renter is given the option to purchase the property per a set of agreed terms with the landlord.
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show | Landlord guarantees the dwelling meets minimum housing and health codes (ex: having hot and cold water)
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show | Landlord must give tenant 1-year notice if tenant is over 62 years of age
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