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RESIDENTIAL LEASES. A lease is a contract to use another’s property Contract- An agreement/promise the courts will enforce Lessor/landlord and lessee/tenant.

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Presentation on theme: "RESIDENTIAL LEASES. A lease is a contract to use another’s property Contract- An agreement/promise the courts will enforce Lessor/landlord and lessee/tenant."— Presentation transcript:

1 RESIDENTIAL LEASES

2 A lease is a contract to use another’s property Contract- An agreement/promise the courts will enforce Lessor/landlord and lessee/tenant Residential v. Commercial Provisions in a residential lease

3 RESIDENTIAL LEASES Types of leases –Oral v. written –Term of years Specific period –Periodic/ month to month –At will By agreement either party can terminate –At Sufferance “Holdover tenant”

4 RESIDENTIAL LEASES Transfer of leases –Sublease Portion of lease is transferred –Assignment Full transfer of the lease –Prohibitions on assignment or subletting –Lessee still liable unless released by lessor –Lessor is third party beneficiary of the transfer contract

5 RESIDENTIAL LEASES Express terms of the lease- clauses are independent Warranty of habitability –Implied and Statutory –Residential only –Heat –Water –Infestation –Code –Other

6 RESIDENTIAL LEASES Lessee/tenant remedies –Reasonable notice to lessor –Constructive eviction –Repair and deduct –Self-help –Report to governmental authorities Issue of retaliation –Contracts of adhesion and unconscionability

7 RESIDENTIAL LEASES Lessor/landlord –Liability Governmental Lessee/tenant Third parties Common areas Exculpatory clause –Remedies Eviction Damages Reference

8 RESIDENTIAL LEASES Deposits –Prepaid rent –Security –Cleaning, pets, etc. –Refundable/nonrefundable –Limits on amounts for initiation of lease –Retain as damages –Mitigation –Tenants action for retained security deposit


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