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Law for Business

Learn about the various types of leases in business law, from leasehold estates such as periodic tenancy and tenancy at sufferance to assets commonly leased like houses, apartments, offices, and more. Discover the importance of written agreements for leases over a year as per the Statute of Frauds.

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Law for Business

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  1. Law for Business Mr. Bernstein Notes, pp 347-348 Types of Leases December 17, 2013

  2. Law for BusinessMr. Bernstein Leases An 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 Estates Periodic 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 leased Houses Apartment Offices Warehouse …also Cars, Trucks… Airplanes or other Capital Equipment

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