1. Rental units come in all shapes and sizes, from single-family homes to multistory high-rises that contain hundreds of units. This block of historic apartment buildings is another type of rental property. Chapter 16 Leases

2. Modern Real Estate Practice 17th Edition Leasehold Estates ê Estate for Years ê Estate from Period to Period (Periodic Tenancy) ê Estate at Will ê Estate at Sufferance

3. Modern Real Estate Practice 17th Edition

4. Requirements of a Valid Lease ê Offer and acceptance ê Consideration ê Capacity to contract ê Legal Objectives

5. Modern Real Estate Practice 17th Edition Lease Agreements ê Possession of premises ê Use of premises ê Term ê Security Deposit ê Improvements ê Maintenance

6. Modern Real Estate Practice 17th Edition Lease Agreements ê Destruction of premises ê Assignment and subleasing ê Recording a lease ê Nondisturbance clause ê Options

7. Modern Real Estate Practice 17th Edition Types of Leases ê Gross Lease ê Net Lease ê Percentage Lease ê Variable Lease ê Ground Lease ê Oil and Gas Lease ê Sale and Leaseback ê Agricultural

8. Modern Real Estate Practice 17th Edition Discharge of Leases ê Breach ê Suit for possession: actual eviction ê Tenants’ remedies: constructive eviction ê Pro-tenant legislation

9. Modern Real Estate Practice 17th Edition Fair Housing and Civil Rights Laws ê Affect landlords and tenants ê Cannot discriminate against protected classes