Article 31 – Legal Topic – Leases – Elements, Formalities, & Essential Covenants

By: Jonathan A. Stevenson

This lesson provides information on:

• The Elements of a Lease
• Formalities
• Essential Covenants
  • Quiet Enjoyment
  • Non-Derogation from Grant
  • Fitness for Human Habitation
  • Tenantable Repair
  • Option to Renew
  • Option to Purchase
  • Assignment and Subletting
  • Payment of Rates and Taxes
  • Payment of Bills
  • Entry

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