AZK RE L-08 C-18 Leases 3 - 109-136

  1. lease is discharged when contract ...
    ... terminates
  2. termination of a lease contract can occur when ...
    • .
    •     - lease completed
    •         - all parties have gully performed their obligations under agreement
    •  
    •     - all parties agree to cancel the lease 
    •         - if tenant offers to surrender the leasehold interest
    •         - landlord accepts the tenant’s offer

    •     - by termination of low
    •         - bankruptcy
    •         - foreclosure
    •         - condemnation proceeding in an eminent domain action
  3. If tenant abandons leased property
    • .
    •     - tenant remains liable for the terms of the lease (including the rent)
    •     - terms of the lease will usually indicate if landlord is obligated to try to re-rent the space
  4. If landlord intends to sue for unpaid rent
    - most states require an attempt to mitigate damages by re-ranting the premises to limit the amount owed
  5. Lease does not terminate if ...
    • .
    •     - parties die
    •     - property is soled
    • .
    •     Exceptions
    •         1) A lease from the owner of a life estate ends with the death of the person on whose life the estate is measured
    •         2) Death of either party terminates a tenancy at will

    •     - in all other cases
    •         - heirs of deceased landlord are bound by the terms of existing valid leases
  6. If lease RE is sold or otherwise conveyed
    • .
    •     - the new landlord takes the property subject to the rights of the tenants
    •     - lease agreement can contain language that permits the landlord to terminate existing leases
    •         - much more common for commercial properties 
    • .
    •     - “sale clause”
    •         - requires the tenant be given some period of notice before the termination
    •         - enables the new landlord to claim possession and negotiate a new lease under new terms and conditions
  7. “sale clause”
    • .
    •         - requires the tenant be given some period of notice before the termination
    •         - enables the new landlord to claim possession and negotiate a new lease under new terms and conditions
  8. Clause that requires the tenant be given some period of notice before the termination
    “sale clause”
  9. Clause that enables the new landlord to claim possession and negotiate a new lease under new terms and conditions
    “sale clause”
  10. Breach of Lease
    • .
    •     - on tenant’s breaches 
    •         - LL can sue the tenant to obtain a judgement to cover
    •             - past-due rent
    •             - damage to premises
    •             - other defaults
    • .
    •     - on LL’s breaches
    •         - tenant is entitled to certain remedies
    • .
    •     - rights and responsibilities are concerned by a state law
  11. On tenant’s breaches of lease
    • - LL can sue the tenant to obtain a judgement to cover
    •             - past-due rent
    •             - damage to premises
    •             - other defaults
  12. On LL’s breaches of lease
    - tenant is entitled to certain remedies
  13. There are 2 kind of Breaches
    • 1) Actual Eviction
    • 2) Constructive Eviction
  14. Actual Eviction
    • .
    •     - another name
    •         - Suit for possession
    •     - Tenant breaches a lease or improperly retain lease premises
    •     - legal process trough which LL may regain possession 

    •     - LL must serve the notice to the tenant before commencing the lawsuit
    •         - most lease require at least 10 days
    •         - many states allow 5 or 3 days

    •     - when a court issues a judgement for possession to a LL
    •         - tenant must vacate the property
    •         - when tenant fails to leave
    •             - tenant will be forced by court officer 
    •         - LL has the right to re-enter and regain possession of the property

    •     - in some states
    •         - LL has the right to “distrain”
    •             - seize tenant’s property in arrears by changing the locks and giving notice
    •             - most states require a court order to pursue the remedy of distrain
  15. When Tenant breaches a lease or improperly retain lease premises LL may regain possession trough the legal process known as ...
    • Actual Eviction
    •     or
    • Suit for possession
  16. Right to “distrain”
    • - in some states in Actual Eviction
    •         - LL has the right to “distrain”
    •             - seize tenant’s property in arrears by changing the locks and giving notice
    •             - most states require a court order to pursue the remedy of distrain
  17. Constructive Eviction
    • .
    •     - another name
    •         - Tenant’s Remedies
    •     - LL breaches any clause of a lease agreement
    •     - action that terminates lease agreement
    •     - tenant has right to sue and cover damages against the LL
    • .
    •     - if the leased premises become unusable for the purpose stated in the lease
    •         - tenant has right to abandon them
    •         - tenant must prove that premises have become unusable b/c of the conscious neglect of LL
    •         - tenant must leave the premises while conditions are fixed
  18. Suit for possession
    • .
    •     - another name
    •         - Actual Eviction
    •     - Tenant breaches a lease or improperly retain lease premises
    •     - legal process trough which LL may regain possession 

    •     - LL must serve the notice to the tenant before commencing the lawsuit
    •         - most lease require at least 10 days
    •         - many states allow 5 or 3 days

    •     - when a court issues a judgement for possession to a LL
    •         - tenant must vacate the property
    •         - when tenant fails to leave
    •             - tenant will be forced by court officer 
    •         - LL has the right to re-enter and regain possession of the property

    •     - in some states
    •         - LL has the right to “distrain”
    •             - seize tenant’s property in arrears by changing the locks and giving notice
    •             - most states require a court order to pursue the remedy of distrain
  19. Tenant’s Remedies
    • .
    •     - another name
    •         - Constructive Eviction
    •     - LL breaches any clause of a lease agreement
    •     - action that terminates lease agreement
    •     - tenant has right to sue and cover damages against the LL
    • .
    •     - if the leased premises become unusable for the purpose stated in the lease
    •         - tenant has right to abandon them
    •         - tenant must prove that premises have become unusable b/c of the conscious neglect of LL
    •         - tenant must leave the premises while conditions are fixed
  20. If LL breaches any clause of a lease agreement tenant has right to sue and cover damages against the LL
    • Constructive Eviction
    •     or
    • Tenant’s Remedies
  21. If the leased premises become unusable for the purpose stated in the lease
    • - under Constructive Eviction
    •         - tenant has right to abandon them
    •         - tenant must prove that premises have become unusable b/c of the conscious neglect of LL
    •         - tenant must leave the premises while conditions are fixed
  22. Protenant Legislation
    • .
    •     - for the most part leases are drawn for benefits of the LL
    •     - however due to
    •         1) Tenant’s rights movement
    •         2) Increased consumer awareness 
    •        
    •         - many states have adopted all or part of the
    •             - Uniform Residential LL and Tenant Act (in 1972)
    •             - National Conference of Commissioners on Uniform State Law (now)
    •                 - the model law that addresses the need for the both parties to a lease to fulfill certain basic obligations
  23. Uniform Residential LL and Tenant Act
    • Protenant Legislation
    • .
    •     - Uniform Residential LL and Tenant Act (in 1972)
    •     - National Conference of Commissioners on Uniform State Law (now)
    •         - the model law that addresses the need for the both parties to a lease to fulfill certain basic obligations
    • .
    •     - the act addresses such of issues
    •         1) The LL right of entry
    •         2) Maintenance of the premises
    •         3) Tenant’s protection against retaliation by LL for complains
    •         4) Disclosure of the property owner’s name and address to the tenant
    • .
    •     - the act further establishes the specific remedies available to both the LL and tenant if a breach of the lease agreement occurs
  24. National Conference of Commissioners on Uniform State Law
    • Protenant Legislation
    • .
    •     - Uniform Residential LL and Tenant Act (in 1972)
    •     - National Conference of Commissioners on Uniform State Law (now)
    •         - the model law that addresses the need for the both parties to a lease to fulfill certain basic obligations
    • .
    •     - the act addresses such of issues
    •         1) The LL right of entry
    •         2) Maintenance of the premises
    •         3) Tenant’s protection against retaliation by LL for complains
    •         4) Disclosure of the property owner’s name and address to the tenant
    • .
    •    
    • - the act further establishes the specific remedies available to both
    • the LL and tenant if a breach of the lease agreement occurs
  25. Fair Housing and Civil Rights Laws
    • .
    •     - all persons must have access to housing to their choice w/o any differentiation in terms and conditions based on 
    •         - race
    •         - color
    •         - religion 
    •         - national origin
    •         - sex
    •         - disability 
    •         - familial status
    •         - age
    •         - sexual orientation
    • .
    •     - violation can occur 
    •         - even w/o of deliberate intent to discriminate
    •         - even if prospective tenant asks for the kind of assistance that would make a REP guilty of discrimination
  26. The model law that addresses the need for the both parties to a lease to fulfill certain basic obligations
    • .
    •     - Uniform Residential LL and Tenant Act
    •         - Uniform Residential LL and Tenant Act (in 1972)
    •         - National Conference of Commissioners on Uniform State Law (now)
  27. All persons must have access to housing to their choice w/o any differentiation in terms and conditions based on race, color, religion, national origin, sex, disability, familial status, age or sexual orientation
    Fair Housing and Civil Rights Laws
Author
flashsmilenet
ID
342919
Card Set
AZK RE L-08 C-18 Leases 3 - 109-136
Description
AZK RE L-08 C-18 Leases 3 - 109-136
Updated