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Chapter 04 FormsLeaseLeasehold Estate

Chapter 04 FormsLeaseLeasehold Estate

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leasehold estates grant fewer rights than freehold estates do boiling down the leasehold estates into common language what we're talking about is the landlord tenant relationship the person who holds the leasehold is what we would commonly refer to as the tenant or lessee the owner of the property who's granting the right to occupy the property we call them the landlord or the lessor the relationship is one where the landlord is conveying the right to occupy for a specified period of time an important technical detail is that the lease itself is actually considered personal property of the tenant now there are four different leasehold types a state for years periodic tenancy a state at will and estate at sufferance we'll go through each and order an estate for years is a lease for a fixed period of time the weird part about this type of estate is even though we call it in a state for years it doesn't have to be delineated in years the only important part

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An estate for Years is not automatically renewed
An estate which vests after the termination of the prior estate is known as
Anything which affects or limits the fee simple title to or value of property is known as a

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