Wednesday, February 15, 2017

Non-Freehold Estates (Lease Hold Estates) Real Estate Investing 101

Okay, the secret is out.  I am currently studying for my bar exam.  In the process, I must study real property law and other areas of law that pertain to real estate and may be helpful to a real estate or land investor.  I figured since I was studying anyways, I might as well put each topic one video at a time.  I also started a YouTube channel which can be seen here.

A leasehold estate is an interest in land.  The tenant has a present possessory interest in the land and the landlord has a future interest in the property (a reversion).  Certain rights and liabilities are derived by a leasehold estate.  Three major leasehold estates exists (1) tenancies at will (2) periodic tenancies and (3) tenancy for years.

A Tenancy at Will is where there is not set time and the tenant and landlord can cancel the relationship at anytime.

A Tenancy for Years is where the relationship is fixed to a specific time period.  It may be for more or less than a year and terminates upon the expiration of the specified time period. 

A Periodic Tenancy is formed period by period, when one period ends the next begins.  For there to be a periodic tenancy, the start date must be certain but the end date is always not certain.  This happens by implication or when a tenant stays over there past lease.  Notice is required for termination of a periodic tenancy. 

Let me explain....

Follow me on Twitter @NicholasCoriano and feel free to email at