ADMS 2610 Lecture Notes - Lecture 8: Feudalism

• School: York University
• Department: Administrative Studies
• Course: ADMS 2610
• Professor: Rudi Lof

Document Summary

Rights and duties of landlord and tenant. An agreement that constitutes a grant of possession of property for a fixed term in return for the payment of rent. A relationship between parties governed by a lease. Exists between 2 parties unless either or both assign their interest in the land. Leasehold te(cid:374)a(cid:374)t"s right to e(cid:454)clusive possessio(cid:374) Reversion - the return of the right to possession to the landlord at the end of the lease. At expiration of lease, the two interests (possession and title) merge. An interest in land, so anything attached to land is part of leasehold interest. Negotiated and terms set forth in the contract. Was always an interest in land in england, based upon an agreement. 1677 statute of frauds: significant changes in leases took place, required certain leases to be in writing. Contract which gives tenant exclusive possession of the property for a specified period.