What is a reverter?
What is a reverter?
Reverter, in the context of real property, means the return to the grantor or his/her heirs of real property after all interests in the property given to others have terminated.
What is a Defeasible interest?
The most common legal application of the term is with respect to estates as interest in land, such as in the case of a conveyance or a life estate, which is defeasible upon the happening of a certain specified event, for example, the death of the person holding such an interest. …
What does tenant at sufferance mean?
Tenancy at sufferance is an agreement in which a property renter is legally permitted to live on a property after a lease term has expired but before the landlord demands the tenant vacate the property. If a tenancy at sufferance occurs, the original lease conditions must be met including the payment of any rents.
What is tenancy by sufferance?
A tenancy at sufferance is created when a tenant wrongfully holds over past the end of the durational period of the tenancy (for example, a tenant who stays past the experation of his or her lease).
What are the different types of tenancy agreements?
What different types of tenancy agreement are there?
- Assured Shorthold Tenancies (AST)
- Secure Tenancies.
- Non-Assured Shorthold Tenancies.
- Statutory/rolling.
What is the difference between a Licence and a tenancy?
The main difference between a tenancy and a licence is that a tenancy usually gives you more protection from eviction. You do not have a licence or a tenancy just because the landlord says that’s what you have. For example you may have a licence if you live in a hostel or if you are a lodger.
What is the legal term for landlord?
A lessor of real property; the owner or possessor of an estate in land or a rental property, who, in an exchange for rent, leases it to another individual known as the tenant.
Is it a good idea to be a landlord?
Being a landlord comes with a lot of responsibilities that require both your time and your money. But, if you choose the right home to invest in and have enough money saved up for emergencies, being a landlord can make you a lot of money, and even offer you a full-time job.
