Law for Business Mr. Bernstein Notes, pp 347-348 Types of Leases December 17, 2014.
4
Law for Business Mr. Bernstein Notes, pp 347-348 Types of Leases December 17, 2014
-
Upload
shannon-wright -
Category
Documents
-
view
215 -
download
1
Transcript of Law for Business Mr. Bernstein Notes, pp 347-348 Types of Leases December 17, 2014.
Law for Business
Mr. Bernstein
Notes, pp 347-348Types of Leases
December 17, 2014
2
Law for BusinessMr. Bernstein
LeasesAn agreement where one party receives temporary
possession of real property in exchange for consideration (rent)
Leases of >1 year must be written, according to the Statute of Frauds
3
Law for BusinessMr. Bernstein
Leasehold EstatesPeriodic Tenancy (ie month to month)Tenancy for Years (period of time specified)Tenancy at Sufferance (holdover)Tenancy at Will (neither rent nor time period stated)
4
Law for BusinessMr. Bernstein
Assets which are commonly leasedHousesApartmentOfficesWarehouse
…also Cars, Trucks…Airplanes or other Capital Equipment