P>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, also known as the non-freehold 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 the 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 estate. 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 estate is involved, and contract law is involved because the lease agreement is a contract. Learning the different leasehold estates is quick and easy. The majority of the material involving leasehold estates has to do with issues between the landlord and the tenant. This is why many other legal authorities refer to this topic as landlord and tenant law. However, to stick with the theme of estates, this topic is called leasehold estates. To be better able to organize the material in this lecture, consider the following as a roadmap. There are four kinds of leasehold estates. There are ten issues between the landlord and the tenant. You will probably remember them in three sets: the first three are the original from the common law,...
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Directv Landlord Permission Form: What You Should Know
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