Describe the types of leasehold estates. What will be an ideal ...

[eruditmonkey@yahoo.com]

Describe the types of leasehold estates.
 
  What will be an ideal response?

Question 2

BAPCPA requires Chapter 7 filers to wait for a period of ________ years after receiving a discharge before they may file again.
 
  A) 12
  B) 8
  C) 7
  D) 5

[atrochim]

Answer to Question 1

A tenancy for years is any leasehold interest of a specific duration, no matter how long or how short. The leasehold terminates automatically upon termination of the specific duration. A periodic tenancy is any leasehold interest with no stated duration or lease period, but with rental payments due at particular intervals. In a tenancy at will, the landlord allows the tenant to stay on a month-to-month basis and which may be terminated at any time by the tenant or the landlord. A tenancy by sufferance is created when a tenant retains possession after the end of a valid tenancy. The tenant remains responsible for the rent payments.

Answer to Question 2

B

[eruditmonkey@yahoo.com]

Excellent

[nanny]

Thanks for the timely response, appreciate it