Lease (law)

Definition and stakes

Oliver Wendell Holmes, Jr.,  Block v. Hirsh — Opinion of the Court

“ The statute in the present case is denominated the 'Rent Law' and its purpose is to permit a lessee to continue in possession of leased premises after the expiration of his term against the demand of his landlord, and in direct opposition to the covenants of the lease, so long as he pays the rent and performs the conditions as fixed by the lease or as modified by a commission created by the statute. This is contrary to every conception of leases that the world has ever entertained, and of the reciprocal rights and obligations of lessor and lessee. ”
Source: Wikisource

Horace Gray,  Viterbo v. Friedlander — Opinion of the Court

“ But as to the nature and effect of a lease for years, at a certain rent which the lessee agrees to pay, and containing no express covenant on the part of the lessor, the two systems differ materially. The common law regards such a lease as the grant of an estate for years which the lessee takes a title in, and is bound to pay the stipulated rent for, notwithstanding any injr y by flood, fire, or external violence, at least unless the injury is such a destruction of the land as to amount to an eviction ”
Source: Wikisource

Portrait of James Fenimore Cooper James Fenimore Cooper,  The Redskins; or, Indian and Injin…

“ They write, and proclaim, and make speeches, as if the anti-rent troubles grew out of the durable lease system solely, whereas we all know that it is extended to all descriptions of obligations given for the occupancy of land—life leases, leases for a term of years, articles for deeds, and bonds and mortgages. It is a wide-spread, though not yet universal attempt of those who have the least claim to the possession of real estate, to obtain the entire right, and that by agencies that neither the law nor good morals will justify. ”
Source: Gutenberg

Get perspective with Kwize: daily news enlightened by great literature