Business Law with UCC Applications,13e Real Property and Landlord and Tenant Law Chapter 30 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.

30-2 Learning Objectives 1.Explain what constitutes real property. 2.Differentiate between freehold and leasehold estates. 3.Describe the different types of co- ownership of real property. 4.Identify the methods of acquiring title to real property. 5.Explain eminent domain.

30-3 Learning Objectives (cont.) 6.List the five elements necessary to create a landlord–tenant relationship. 7.Identify the essential requirements of a lease. 8.Clarify rent control and security deposits. 9.Make clear the duties of landlords and tenants. 10.Discuss tort liability as it applies to landlords and tenants.

30-4 Real Property and Landlord and Tenant Law The Rights Related to Real Property –Trees and Vegetation –Air Rights, –Subterranean Rights, and Water Rights –Fixtures and Easements

30-5 Real Property and Landlord and Tenant Law Estates in and Co-Ownership of Real Property –The Law of Estates –The Law of Co-Ownership

30-6 Real Property and Landlord and Tenant Law The Law of Estates –Estates in Fee Simple –Life Estates

30-7 Real Property and Landlord and Tenant Law The Law of Co-Ownership –Tenancy in Common –Joint Tenancy –Community Property –Tenancy by the Entirety

30-8 Real Property and Landlord and Tenant Law Acquiring Title to and Managing Real Property –Title to Real Property –Governmental Management of Real Property

30-9 Real Property and Landlord and Tenant Law Title to Real Property –Title by Sale or Gift –Title by Will or Descent –Title by Adverse Possession

30-10 Real Property and Landlord and Tenant Law Governmental Management of Real Property –Zoning Laws –Eminent Domain

30-11 Real Property and Landlord and Tenant Law The Landlord–Tenant Relationship –Leasing versus Other Relationships –Types of Leasehold Interests –The Lease Agreement

30-12 Real Property and Landlord and Tenant Law Leasing versus Other Relationships –Leasing Compared with Licensing –Leasing Compared with Lodging

30-13 Real Property and Landlord and Tenant Law Types of Leasehold Interests –Tenancy at Will –Tenancy for Years –Periodic Tenancy –Tenancy at Sufferance

30-14 Real Property and Landlord and Tenant Law The Lease Agreement –Rent Control –Security Deposits –Option to Renew or to Purchase –Assignment and Subletting

30-15 Real Property and Landlord and Tenant Law Duties of the Landlord and the Tenant –The Landlord’s Duties –The Tenant’s Duties –Tort Liability –Eviction Proceedings

30-16 Real Property and Landlord and Tenant Law The Landlord’s Duties –Duty to Refrain from Discrimination –Duty to Maintain the Premises –Duty to Deliver Peaceful Possession