Essentials Of Business Law Chapter 23 Landlord-Tenant Relations McGraw-Hill/Irwin Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.

Slides:



Advertisements
Similar presentations
Real Estate Principles, 9th Edition
Advertisements

Real and Personal Property Objective Compare the legal rights of acquisition, transferal and renting/leasing of real or personal property. RELATIONSHIP.
© 2004 West Legal Studies in Business A Division of Thomson Learning 1 Chapter 49 Landlord-Tenant Relationships Chapter 49 Landlord-Tenant Relationships.
© 2007 Prentice Hall, Business Law, sixth edition, Henry R. Cheeseman Chapter 49 Landlord-Tenant Relationship and Land Use Regulation Business Law.
Click your mouse anywhere on the screen to advance the text in each slide. After the starburst appears, click a blue triangle to move to the next slide.
Landlord/Tenant Law Business & Personal Law Gary Nelson April 2001.
Deeds and Leases Chapter 5. Deeds and Leases Deeds –Written document that transfers title to real estate.
Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning Chapter 51 Leases Twomey Jennings Anderson’s Business Law and the Legal.
Renting Realty Chapter 22.
Renting & the Law CHAPTER 33. Renting & the Law: Chapter 33  The person who rents property is the Tenant or Lessee.  The person who owns property and.
Renting Real Property CHAPTER THIRTY. Copyright © Houghton Mifflin Company. All rights reserved.30 | 2 Landlord – Tenant Relationship Landlord: the person.
1 Click your mouse anywhere on the screen to advance the text in each slide. After the starburst appears, click a blue triangle to move to the next slide.
Real Estate Law Residential Leases Real Estate Law Residential Leases.
Leases. Leasing Basics Lessor Lessee Landlord retains a reversionary right In most states, Alabama included, lease agreements for more than one year must.
Chapter 11 Rentors/Landlords. Vocabulary Tenant – a party to a lease who pays rent to the landlord in exchange for the possession and use of real property.
1 ARE 306Unit 15 Tenancies. 2 Definitions l Lessee l Lessor l Rent.
Chapter 13 Leasehold Estates 2010©Cengage Learning. All Rights Reserved.
Renting or Owning??? Principles of Law Mrs. Pollison.
CHAPTER 17 Ownership and Leasing of Real Property
Chapter 9.1: Rental Agreements
Chapter 16-Real Property © Microsoft Land and buildings Subsurface rights © Corel Nature of Real Property Fixtures © Corel Plant life and vegetation.
Chapter 6 LANDLORD AND TENANT (Lessor and Lessee) 177.
© 2010 by Cengage Learning Real Estate Leases Chapter 17 ________________ Real Estate Leases.
© OnCourse Learning Chapter 17 : Real Estate Leases.
Real Estate Principles and Practices Chapter 14 Leases © 2014 OnCourse Learning.
© 2015 OnCourse Learning Chapter 13 Leasehold Estates.
Real Estate Principles and Practices Chapter 14 Leases © 2010 by South-Western, Cengage Learning.
Chapter 26 Estates, Leaseholds, and Regulation of Property.
Chapter 48 Landlord-Tenant Relationships. Introduction Anyone who rents housing to the public for commercial purposes subjects herself to various state.
Chapter 29 LANDLORD AND TENANT. WHAT IS A LEASE? n Lease an agreement in which one party receives temporary possession of another’s real property in exchange.
Renting or Owning a Home Chapter 9. What do you know about renting a house or apartment? Lease terms, landlord and tenant responsibilities, deposits,
Landlord-Tenant Relationships
© 2010 Pearson Education, Inc., publishing as Prentice-Hall 1 LANDLORD-TENANT LAW AND LAND USE REGULATION © 2010 Pearson Education, Inc., publishing as.
Comprehensive Volume, 18 th Edition Chapter 53: Leases.
Thomson/South-Western©2008 Chapter 16 Real Estate Leases _______________________________________.
South-Western Publishing©2002 By Charles J. Jacobus Real Estate Principles Ninth Edition Real Estate: An Introduction to the Profession Ninth Edition South-Western.
44.1 b a c kn e x t h o m e Chapter 44 Objectives  Explain the nature and formation of the landlord/tenant relationship.  Name the various types of tenancies.
25-1 Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.
P A R T P A R T Property Personal Property and Bailments Real Property Landlord and Tenant Estates and Trusts Insurance Law 5 McGraw-Hill/Irwin Business.
Chapter 16. Georgia Real Estate An Introduction to the Profession Eighth Edition Chapter 16 Real Estate Leases.
Landlord and Tenant Business Law I Mrs. Oddo. What is a Lease? Lease: An agreement in which one party receives temporary possession of another’s real.
Ownership and Transfer of Real Property Chapter 17.
Law for Business and Personal Use © South-Western Publishing G O A L S Types of Leases Describe the legal characteristics of a lease Identify the parties.
Revised Chapter 17 Slide # 1 Copyright – David A. McGowan All rights reserved Chapter 17 LEASES (Page 330) Landlord Property owner Lessor Tenant.
© 2012 Cengage Learning. Real Estate Leases Chapter 16.
© 2004 West Legal Studies in Business A Division of Thomson Learning BUSINESS LAW Twomey Jennings 1 st Ed. Twomey & Jennings BUSINESS LAW Chapter 50 Leases.
© 2008 by South-Western, Cengage Learning Chapter 17 Charles J. Jacobus Thomas E. Gillett.
Chapter 7 REAL ESTATE LEASES Real estate leases are contracts that transfer the rights of use and possession, but not ownership of real estate between.
Chapter 49 Landlord-Tenant Law and Land Use Regulation.
Business Law with UCC Applications,13e Real Property and Landlord and Tenant Law Chapter 30 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies,
Prentice Hall © PowerPoint Slides to accompany The Legal Environment of Business and Online Commerce 5E, by Henry R. Cheeseman Chapter 28 Real Property.
Chapter 50 Landlord-Tenant Law Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent.
Copyright © 2004 by Prentice-Hall. All rights reserved. PowerPoint Slides to Accompany BUSINESS LAW E-Commerce and Digital Law International Law and Ethics.
Renting or Owning a Home. Exciting event Learn about the rights of landlords and tenants in various kinds in of tenancies Types of co-ownership and deeds.
Prentice Hall © PowerPoint Slides to accompany The Legal Environment of Business and Online Commerce 4E, by Henry R. Cheeseman Chapter 23 Personal.
Renting an Apartment Ch. 9. Terms to Know: »Tenant - renter - lessee »Landlord - rents property - lessor »Lease - contract.
The Rental Agreement Section Understanding Business and Personal Law The Rental Agreement Section 33.1 Renting a Place to Live Section 33.1 The.
California Real Estate Principles, 10.1 Edition
Chapter 9.1: Rental Agreements
The Landlord-Tenant Relationship
Understand Sales, Consumer, Property and Cyber Laws
California Real Estate Principles, 10.1 Edition
Types of Leases LESSON 22-1
Housing & the Consumer 29.1.
California Real Estate Principles, 10.1 Edition
LANDLORD-TENANT LAW AND LAND USE REGULATION
Real Estate Principles Tenth Edition
RIGHTS OF PRIVATE TENANTS AFTER A DISASTER
Real Estate Principles, 11th Edition
Chapter 51 LEASES.
Presentation transcript:

Essentials Of Business Law Chapter 23 Landlord-Tenant Relations McGraw-Hill/Irwin Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.

Essentials of Business LawChapter 23-2 Renting A Residence Landlord  Lessor  The owner of real property who gives up his or her right of possession Tenant  Lessee  The person who agrees to pay for the use of real property Lease  The document in which the terms of the agreement are spelled out

Essentials of Business LawChapter 23-3 Essentials Of The Landlord- Tenant Relationship The tenant must have the consent of the landlord to occupy the property The tenant’s rights in the property are inferior to those of the landlord The property must revert to the landlord at the termination of the lease The parties must agree that the tenant has a right of immediate possession

Essentials of Business LawChapter 23-4 Leases Covenant  Agreement or promise in a lease to do a particular thing Condition  Restriction included in a lease that limits the use of the property  The landlord may cancel the lease if a tenant fails to respect the conditions specified

Essentials of Business LawChapter 23-5 Tenancy Periodic tenancy  Lease continues for successive periods of the same length of time Weekly, monthly, annually  Automatically renewed at the end of the period  Landlord or tenant must give notice of intent to not renew the lease Tenancy for years  Lease is for a specific period of time  Automatically terminates on the stated expiration date

Essentials of Business LawChapter 23-6 Tenancy Tenancy at will  Lease continues indefinitely  Landlord or tenant must notify intent to terminate the lease Tenancy at sufferance  Tenant wrongfully extends his or her tenancy beyond the term agreed upon  Landlord has the option to: Evict the tenant and treat him or her as a trespasser Hold the tenant to another term of the lease

Essentials of Business LawChapter 23-7 Landlord’s Rights To collect the agreed-upon rent To regain possession of the property in good condition at the end of the lease To evict a tenant  Nonpayment of rent  Illegal use of the premises  Other material violations of the terms of the lease To keep fixtures and permanent improvements

Essentials of Business LawChapter 23-8 Landlord’s Duties Warranty of habitability  Premises are reasonably fit for occupancy To mitigate his or her losses resulting from a tenant’s abandonment  Tenant’s voluntary surrender of possession of leased premises

Essentials of Business LawChapter 23-9 Tenant’s Rights Quiet enjoyment  The use of the leased premises without unreasonable interference Possession of the premises on the agreed upon date  For the duration of the lease Assignment of lease  Transfer of the tenant’s interest in the entire premises for the entire length of the term of the lease Sublease  Transfer of the tenant’s interest for part of the premises or for a part of the term of the lease

Essentials of Business LawChapter Termination Of Leases Lease expiration Tenant’s abandonment Termination by breach  Right to terminate the lease if the tenant violates any material lease provision

Essentials of Business LawChapter Tort Liability Determined by who has control of the premises at the time and place of injury  Tenant is responsible for injuries occurring in his or her own leased premises  The landlord is responsible for injuries that occur in common areas