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Real Estate Law

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Real Estate Law Residential Leases Rental Of Real Property Types of Tenancies: Owner of real property may allow others to use their property. Exchanging temporary ... – PowerPoint PPT presentation

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Title: Real Estate Law


1
Real Estate Law Residential Leases
2
Rental Of Real Property
  • Types of Tenancies
  • Owner of real property may allow others to use
    their property.
  • Exchanging temporary possession of property for
    money or other consideration is a rental
    agreement.
  • Tenancies are governed by the rules of both
    contract law and real estate law.

3
Rental Of Real Property (contd)
  • Types of Tenancies
  • Tenancy for a fixed term automatically expires
    after a set period of time.
  • Periodic tenancy starts at specific time and
    continues for successive periods until expired.
  • Tenancy at will terminated by landlord or
    tenant at will.
  • Tenancy at sufferance tenant entered into
    possession properly and with landlords
    permission but wrongfully remains on the property.

4
Rental Of Real Property (contd)
  • Rights and Duties of Tenants
  • Tenants rents the right to exclusive possession
    and control of premises.
  • Landlord not entitled to enter the premises.
  • Tenant is allowed to remove trade fixtures, but
    if removal causes damages, tenant must repair.
  • Tenants do not have an obligation to make major
    improvements.

5
Rental Of Real Property (contd)
  • Rights and Duties of Tenants
  • Warranty of Habitability landlord impliedly
    promises that premises will be fit for living.
  • Constructive Eviction owner does not protect
    interest of tenant and allows material
    interference with tenants enjoyment of premises.
  • Assignments and Subleases allowed unless
    prohibited by lease. Transfer of the tenants
    entire interest in the lease (assignment) tenant
    transfers only part of interest and retains the
    balance (sublease).

6
Rental Of Real Property (contd)
  • Rights and Duties of Landlords
  • Have right to retake possession of property at
    the end of the lease.
  • Rent compensation landlord receives in exchange
    for granting tenant the right to use the
    property.
  • Damages by the Tenant landlord has right to
    reimbursement from tenant for any damages caused
    by the tenant.

7
Rental Of Real Property (contd)
  • Rights and Duties of Landlords
  • Security Deposits money to be used after tenant
    has vacated the premises to repair any damage
    negligently/intentionally caused by tenant.
  • Duty to Protect a Tenant and His or Her Guests
    landlord does not warrant premises are safe but
    does have duty to warn tenant of latent defects.
  • Rights After Abandonment by a Tenant tenant
    wrongfully abandons premises during the term of
    the lease, landlord has several options.

8
Legislative Trends
  • Discrimination in housing prohibited by federal
    statutes.
  • Amendment increased the amount of protection by
    providing methods for enforcement
  • HUD can initiate lawsuit in federal court or
    before administrative law judge, if all parties
    agree.
  • Person subjected to discrimination can file suit
    in state or federal court.
  • U.S. attorney general can file suit if pattern or
    practice of discrimination exist.

9
Legislative Trends (contd)
  • To recover retaliatory eviction tenant must
    prove
  • Complaint was bona fide, reasonable, and serious.
  • Did not create the problem.
  • Complaint was filed before the landlord began
    eviction proceedings.
  • Primary reason landlord began eviction
    proceedings was to retaliate against the tenant
    for filing complaint.
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