The Leaseholds Self-Quiz

 

 

 

 

 

 

Sam conveys Blackacre to Bob “for 1,000 years.” Bob has a…
Choice 1 fee simple determinable, because the estate will last longer than any involved party’s life
Choice 2 life estate, because the tenancy will obviously last at least as long as Bob’s life
Choice 3 a term of years, because the tenancy is set for a fixed duration
Choice 4 a periodic tenancy
In 2003, Sam conveys Blackacre to Bob “for 1,000 years, until a woman walks on the Moon.” When does Sam get Blackacre back?
Choice 1 in 3003
Choice 2 when a woman walks on the Moon
Choice 3 a or b, whichever comes earlier
Choice 4 never, because Sam will probably be dead before 3003
Sam conveys Blackacre “to Bob and his heirs, but if Bob dies before he reaches the age of 90 , then Steve may take Blackacre.” Does Bob have a term of years?
Choice 1 yes
Choice 2 no
Choice 3 maybe
Sam conveys Blackacre “to Bob, until a Democrat is elected to the White House.” Does Bob have a term of years?
Choice 1 yes
Choice 2 no
Choice 3 maybe
Luther rents the Hall of Justice from Superman. The lease expires on December 31, 2003. Luther refuses to leave the Hall until January 10, 2004. On January 10, Luther does leave. At that point, what may Superman do?
Choice 1 Superman can sue Luther for the extra 10 days rent OR hold Luther over for a new term under the same rental agreement as the previous term
Choice 2 Superman can sue Luther for the extra 10 days rent AND hold Luther over for a new term under the same rental agreement as the previous term
Choice 3 Superman cannot hold Luther over, because Luther left the property, but he can sue Luther for back rent for the period up to January 10
Choice 4 Superman can’t do anything to Luther because, since Luther left the property, he and Superman are no longer in privity of estate
Which of the following leaseholds requires no notice to terminate?
Choice 1 periodic tenancy
Choice 2 term of years
Choice 3 tenancy at will
Choice 4 none of the above; all do require notice to terminate

 

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