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Leases

Principles 2 Chapter 19
Horizontales
An estate that gives the lessee the right to possession until the estate is terminated by either party; the term of this estate is indefinite
A lease of land only, on which the tenant usually owns a building or is required to build his own building as specified in the lease
A court suit initiated by a landlord to evict a tenant from leased premises after the tenant has breached one of the terms of the lease or has held possession on the property after the lease's expiration
A written or oral contract between a landlord (the lessor) and a tenant (the lessee) that transfers the right to exclusive possession and use of the landlord's real property to the lessee for a specified period of time and for a stated consideration (rent)
A payment by a tenant, held by the landlord during the lease term and kept (wholly or partially) on default or destruction of the premises by the tenant
A tenancy whereby a lessee retains possession of leased property after the lease has expired and the landlord, by continuing the accept rent, agrees to the tenant's continued occupancy
Verticales
A owner's right to regain possession of leased property on termination of lease agreement
The tenancy of a lessee who lawfully comes into possession of a landlord's real estate but who continues to occupy the premises improperly after lease rights have expired
Actions of the landlord that so materially disturb or impair the tenant's enjoyment of the leased premises that the tenant is effectively forced to move out and terminate the lease without liability for any further rent
A court order authorizing a sheriff to return leased premises to the owner following an eviction suit, pursuant to a judgement for possession
A lease of property under which a landlord pays all property charges regularly incurred through ownership, such as repairs, taxes, insurance, and operating expenses.
A tenant's right to occupy real estate during the term of a lease; generally considered a personal property interest
A leased interest in property for a certain, exact period or time and for a specified consideration
The result of legal action, originated by a lessor, whereby a defaulted tenant is physically ousted from the rental property pursuant to a court order
The leasing of premises by a lessee to a third party for part of the lessee's remaining term