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    Leasehold Estates

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    florina
    This document compares different types of leasehold estates including tenancy for years, periodic tenancy, tenancy at will, and tenancy at sufferance. It defines each type, how they are created, and how they are terminated. Tenancy for years lasts for a fixed period without notice, periodic tenancy continues until notice, tenancy at will lasts as long as both parties desire, and tenancy at sufferance occurs when a tenant holds over after termination.

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    Leasehold Estates

    Uploaded by

    florina
    250 views1 page
    This document compares different types of leasehold estates including tenancy for years, periodic tenancy, tenancy at will, and tenancy at sufferance. It defines each type, how they are created, and how they are terminated. Tenancy for years lasts for a fixed period without notice, periodic tenancy continues until notice, tenancy at will lasts as long as both parties desire, and tenancy at sufferance occurs when a tenant holds over after termination.

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    Leasehold Estates

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    This document compares different types of leasehold estates including tenancy for years, periodic tenancy, tenancy at will, and tenancy at sufferance. It defines each type, how they are created, and how they are terminated. Tenancy for years lasts for a fixed period without notice, periodic tenancy continues until notice, tenancy at will lasts as long as both parties desire, and tenancy at sufferance occurs when a tenant holds over after termination.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    250 views1 page

    Leasehold Estates

    Uploaded by

    florina
    This document compares different types of leasehold estates including tenancy for years, periodic tenancy, tenancy at will, and tenancy at sufferance. It defines each type, how they are created, and how they are terminated. Tenancy for years lasts for a fixed period without notice, periodic tenancy continues until notice, tenancy at will lasts as long as both parties desire, and tenancy at sufferance occurs when a tenant holds over after termination.

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    CMR LEASEHOLD ESTATES

    COMPARISON
    CHART

    Type of Leasehold Definition Creation Termination

    Tenancy for Years Tenancy that lasts for To T for 10 years. Terminates at the end
    some fixed period of of the stated period
    time. without either party
    giving notice.

    Periodic Tenancy Tenancy for some To T from month to Terminates by notice


    fixed period that month. from one party at least
    continues for equal to the length of
    succeeding periods or the time period (e.g.,
    until either party gives one full month for a
    notice of termination. To T, with rent month-to-month
    payable on the first tenancy). Exception:
    day of every month. Only six months
    notice is required to
    or terminate a year-to-
    year tenancy.
    L elects to bind
    hold-over T for an
    additional term.

    Tenancy at Will Tenancy of no stated To T for and during Usually terminates


    duration that lasts as the pleasure of L. after one party dis-
    long as both parties (Even though the plays an intention that
    desire. language gives only L the tenancy should
    the right to terminate, come to an end. May
    L or T may terminate also end by operation
    at any time.) of law (e.g., death of
    a party, attempt to
    or transfer interest).

    To T for as many
    years as T desires.
    (Only T may
    terminate.)

    Tenancy at Tenant wrongfully Ts lease expires, but Terminates when


    Sufferance holds over after T continues to occupy landlord evicts tenant
    termination of the the premises. or elects to hold
    tenancy. tenant to another
    term.

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