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What is a Landlord's Duty to Deliver Possession? Form

What is a Landlord's Duty to Deliver Possession? Form

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Leasehold Estates. A property owner can enter into an agreement to let someone else use his property for some time. When the use is exclusive, non-revocable, and in exchange for money, then a new kind of estate is created: The leasehold estate (a.k.a Nonfreehold Estate). A leasehold creates a legal relationship where the property owner is called the landlord and the person using the property is called the tenant. To get some terminology out of the way: The landlord and the tenant are in a lease agreement (also called a rental agreement or contract to rent). The landlord is the present owner of the property and the tenant is the possessor of the property. The tenant has a present interest in a leasehold estate and the landlord has a future interest in the leasehold. The payment that is made from the tenant to the landlord is called rent. You may have noticed from this terminology that leaseholds include elements of property law and contract law. Property law is involved because an estat

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