Question: 1. In law, a tenancy at will arises when: (1) a tenant, who signed a lease for a certain and definite period of time, passes
1. In law, a tenancy at will arises when: (1) a tenant, who signed a lease for a certain and definite period of time, passes away during that period of time. (2) a tenant, having entered the premises under a valid lease, remains in the premises without the landlord's assent or dissent. (3) a tenant has a lease that is automatically renewed on the last day of the original lease term for a further term of the same duration. (4) a tenant, with the consent of the owner, occupies land as a tenant under the provisions of a contract which can be terminated at any time by either party. 2. Which of the following statements are TRUE? A. Ground leases are generally used as a means of acquiring land for development purposes, both in concentrated urban areas and in outlying suburban areas. B. The owner of an unleased property has what is called the whole estate and is the owner of the property, holding the legal title in perpetuity. C. A sale-leaseback represents a unique type of lease and is generally used as an addition to mortgage financing. D. An occupation lease is one in which the leased premises are fully constructed, and the tenant merely pays for the right to occupy and use the space. (1) None of the above (2) Only A, B, and C (3) Only A, B, and D (4) All of the above
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
