What does "forfeiture" mean in a lease context?

Prepare for the Ohio Certified Professional Lease and Title Analyst (CPLTA) Test. Use flashcards and multiple-choice questions with detailed hints and explanations. Ace your exam!

In the context of a lease, "forfeiture" refers to the loss of a tenant's rights as a result of breaching the terms of the lease agreement. This legal concept allows the landlord to terminate the lease and reclaim the property when a tenant fails to comply with stipulated conditions, such as failing to pay rent or violating specific lease clauses. When a lease is forfeited, it signifies that the tenant no longer has the right to occupy the premises, and the landlord may take possession.

The other options address different aspects of lease agreements but do not accurately define forfeiture. For instance, ending a lease at the tenant's request relates to voluntary termination and does not involve breach or loss of rights. Automatic lease renewal pertains to lease continuation terms rather than a forfeiture scenario, while the sale of a leased property focuses on ownership transfer and does not reflect a tenant's loss of rights due to lease violations. Understanding these distinctions is crucial for lease analysis in the CPLTA context.

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