Chapter 49 Landlord-Tenant Relationship and Land Use Regulation.pptVIP

Chapter 49Landlord-Tenant Relationshipand Land Use Regulation Business LawLegal, E-Commerce, Ethical, and International Environments Landlord-Tenant Relationship A relationship created when the owner of a freehold estate (landlord) transfers a right to exclusively and temporarily possess the owner’s property to another (tenant). Landlord-Tenant Relationship(continued) Nonfreehold Estate – an estate in which the tenant has a right of possession of the property but not title to the property. Leasehold – a tenant’s interest in the property Landlord – the owner who transfers the leasehold Ten