1) Natural ending of term (most end this way)
2) Surrender (mutually agreed early termination)
3) Abandonment (move out early w/o landlord approval)
4) Eviction
Equitable Estoppel Elements (2)
1) Acts to their detriment on the other party's promise; AND
2) Serious injury would result if enforcement is refused
They are in privity of estate (property law).
They are in privity of contract (contract law).
1) Vacate
2) Without justification
3) Without intent to return
4) Default on payment of rent
Part Performance Elements (3)
Buyer Enforcement:
1) Takes possession; and
2) Pays part of the purchase prize; AND / OR
3) Makes improvements
Act or Omission.
List of Omissions:
1) Fails to perform a lease obligation
2) Common area
3) Breaches statutory duty
4) Fails to perform promised repairs
5) Allows nuisance-like behavior
1) Sublease
2) Assignment
Compare and contrast:
1) Sole Discretion Clause
2) Reasonableness Clause
3) Silent Consent Clause
1) Sole Discretion Clause - lessor can refuse consent to sublet or assignation for any reason whatsoever
2) Reasonableness Clause - lessor may refuse only for commercially reasonable reasons
3) Silent Consent Clause - lessor must consent, but fails to state a standard for making that decision (majority rule is that this = sole discretion clause)
1) Sue for rent; keep premises vacant (must mitigate)
2) Terminate the lease
3) Relet the premises, collect that rent, sue for any balance
Exceptions to Statute of Frauds for Real Estate Purchases
1) Part Performance
2) Equitable Estoppel
1) Financial responsibility
2) Legality of use
3) Need for alterations
4) Nature of occupancy
1) Notify the landlord
2) Give reasonable period to remedy
3) Vacate
Does the original lessor have privity of estate with the lessee's assignee?
Yes. Privity of Estate travels with the assignment.
1) Personal taste
2) Convenience
3) Sensibility
1) Limits the amount
2) Must be refundable
3) Limits how they can be used
4) Landlord carries burden of proof
5) Statutory damages for bad faith
Types of Unmarketable Title (3)
1) Seller selling you something they don't own.
2) Title is subject to an encumbrance.
3) If reasonable doubt exists to 1 or 2 above.