RECA 2026 PROPERTY MANAGEMENT
TENANCY LAWS AND LANDLORD TENANT
RELATIONSHIPS GUIDE
◉ Rights of Land
Answer: Fee Simple - freehold, absolute owner of land
Leasehold - interest in land expires with lease agreement
life estate - interest in land for duration of life
- reverts to fee simple with death
◉ Dover Act
Answer: upon death non-titled spouse acquired interest
- only applies if legally married and matrimonial house
- dissolves with divorce
◉ Quantum Meruit
Answer: amount awarded by courts for contractual work done to
date
, ◉ Essential Elements of a Contract
Answer: Legal object, capacity of both parties, consideration, intent
to contract, genuine consent, mutual agreement
◉ Discharged contract
Answer: was valid and has now ended
◉ privity of contract
Answer: - legal actions can only be taken by contracting parties
- only original parties are bound by contract
◉ Powers of Attorney
Answer: General
- has no limits, can make financial and legal decisions
- cannot make decisions about health care and where they reside
Special
- specific/limited powers
Immediate
- appoints an attorney to make financial/legal decisions
- terminates upon loss of mental capacity/death
TENANCY LAWS AND LANDLORD TENANT
RELATIONSHIPS GUIDE
◉ Rights of Land
Answer: Fee Simple - freehold, absolute owner of land
Leasehold - interest in land expires with lease agreement
life estate - interest in land for duration of life
- reverts to fee simple with death
◉ Dover Act
Answer: upon death non-titled spouse acquired interest
- only applies if legally married and matrimonial house
- dissolves with divorce
◉ Quantum Meruit
Answer: amount awarded by courts for contractual work done to
date
, ◉ Essential Elements of a Contract
Answer: Legal object, capacity of both parties, consideration, intent
to contract, genuine consent, mutual agreement
◉ Discharged contract
Answer: was valid and has now ended
◉ privity of contract
Answer: - legal actions can only be taken by contracting parties
- only original parties are bound by contract
◉ Powers of Attorney
Answer: General
- has no limits, can make financial and legal decisions
- cannot make decisions about health care and where they reside
Special
- specific/limited powers
Immediate
- appoints an attorney to make financial/legal decisions
- terminates upon loss of mental capacity/death
