Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Georgia Real Estate

Chapter 22

TermDefinition
leasehold estate A tenant's right to occupy the land and/or buildings
periodic estate one for a definite period of time with an automatic renewal if not terminated. A month-to-month lease is an example of this.
estate for years a lease with a specific starting date and a specific ending date. It can be for any length of time, does not automatically renew itself, and does not require notice to terminate
estate at will for an indefinite period of time and can be terminated by either the landlord or the tenant giving notice. In Georgia, the notice requirement for the tenant is 30 days and the requirement for the landlord is 60 days
tenancy at sufferance occurs when a tenant stays beyond the legal tenancy without the consent of the landlord. The tenant is called a holdover tenant.
periodic estate one for a definite period of time with an automatic renewal if not terminated. A month-to-month lease is an example of this.
gross lease the tenant pays a fixed rent, and the landlord pays all the operating expenses of the property. Most residential leases are gross leases.
participation clause Office and industrial leases often include an escalator or participation clause. This allows the landlord to pass along to the tenant increases in property taxes, utility charges, and maintenance.
net lease When a tenant pays for all the property taxes, insurance, repairs, utilities and so on, in addition to the base rent
percentage lease the owner receives a percentage of the tenant’s gross receipts as rent.
index lease The rent would be indexed to some economic indicator. If there is inflation, rents increase; if there is deflation, rents decrease.
Option clauses give the tenant the right at some future time to purchase the property at a predetermined price
assignment he total transfer of the lessee's rights to another person. The assignor remains liable for the performance of the contract, unless released in writing by the landlord.
sublet to transfer only a portion of the rights held under a lease. The original lessee is the sublessor. The sublessee pays rent to the lessee who, in turn, remains liable to the landlord for rent on the entire premises.
actual eviction process begins with the landlord having a notice served on the tenant requiring the tenant to comply with the lease agreement or move out. If the tenant neither complies nor vacates, the landlord takes the matter to court.
constructive eviction A lease agreement may also be terminated This occurs when the landlord does not keep the premises fit for occupancy.
nondisturbance clause. an agreement of a lender to not disturb a performing tenant on a valid lease in the event the lender has to foreclose.
Created by: user-1812658
Popular Real Estate sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards