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Four Basic Leasehold Estates

Four Basic Leasehold Estates. By: A.J. Goins. Four types. Periodic Tenancy Tenancy for Years Tenancy at Sufferance Tenancy at Will. Periodic Tenancy. A leases that has no ending date, but intended to run longer that a month Can be leases such as: Week to week Month to month

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Four Basic Leasehold Estates

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  1. Four Basic Leasehold Estates By: A.J. Goins

  2. Four types • Periodic Tenancy • Tenancy for Years • Tenancy at Sufferance • Tenancy at Will

  3. Periodic Tenancy • A leases that has no ending date, but intended to run longer that a month • Can be leases such as: • Week to week • Month to month • Year to year

  4. Tenancy for Years • Period of the lease is more than one year • It’s also a period that has an end date and doesn’t have to last a year.

  5. Tenancy at Sufferance • When the lease runs out but the tenant still has possession • The landlord can have the tenant evicted at any time then • Or forced out of or off of the property • The tenant is still reliable for reasonable rent

  6. Tenancy at Will • A party possesses land with the owners permission but without an agreement as to the term of a lease or the amount of the rent. • The leaseholder may be terminated at any time by either party with minimal notice.

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