Chapter 7 Property Management and Leases
Express agreement
Adverse possession
Operation of the law
Holding over
Is on a periodic tenancy
Has a freehold interest
Is a tennant at sufferance
Has a servient tenement
Entire lease interest is transferred
Assignee makes rent payments to the assignor
Assignee is a tenant of the assignor
Assignor remains primarily liable on the lease
Pay a security deposit equal to two months rent
Agree to a limitation on the owner's liability
Pay any lessor attorney fees arising from a dispute
Restrict use of the premises to residential purposes
Void
Voidable
Unenforceable
Illegal
Can agree to hold the landlord harmless for actions of the landlord
May apply the security deposit to the last month's rent
May not unreaasonably withhold permission for the landlord to enter the premises
Will make the repairs necessary to keep the premises fit for habitation
Assignee
Owner
Tenant
Lessor on a sublease
Not having to pay for an unneeded structure
Lower investment requirements
Being able to deduct interest payments
The advantage of a continued rental income
Lease renewal
Lease extension
Tenancy at sufferance
Surrender of the premises
Lessee is evicted for rent arrearage
Property is sold
Lessee is constructively evicted
Lessee can no longer afford to pay the rent
Gross
Net
Percentage
Graduated
Give N statutory notice to quit or pay rent
Start an unlawful detainer action
Turn the matter over to a colllection attorney
Take no further action
Sandwich lease
Assignment
Master lease
Flat lease
Step lease
Gross lease
Assignment
Sublease
Gross
Percentage
Triple net
Graduated Payment
Gross
Percentage
Index
Net
Percentage of the gross
Fee for leasing
Fee for supervising repairs
Kickback from a supplier
Asbestos
Lead
Radon
Urea formaldehyde foam
If a warranty deed was used to convey title
If the owner failed to specify "as is"
Under the federal Comprehensive Environmental Response Compensation and Liability Acto f 1980
Under the Uniform Residential Landlord and Tenant Act
Liquidated damages
Mitigation of damages
Punitive damages
Severance damages
Encroachment
Attractive nuisance
Hazardous substance
Implied easement
The deductibility of interest
To reduce monthly expenses
Liquidity
The tax benefits of depreciation
The assignee becomes primarily liable under the lease, and the assignor is released
The assignor remains primarily liable under the lease
The assignee becomes primarily liable under the lease, and the assignor retains secondary liability
The assignee is liable only to the assignor and the assignor is liable to the lessor
Death of the lessor
Death of the lessee
A sale by the lessor
Surrender
Flat
Triple net
Percentage
Gross
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