3. Interests in Land

Question 0

LRA 2002, s 27(2)

Answer 0

Express grant of one of the interest capable of being legal must also satisfy certain registration requirements before it becomes a legal interest

Question 1

Two requirements for any interest in land to be legal

Answer 1

LPA 1925, s 1(2) - it must be one of the interests listed here as capable of being legal

LPA 1925, s 52 - must be created by deed

Question 2

LPA 1925, s 62

Answer 2

Legal interest that has not been mentioned in the transfer deed will be implied, unless a contrary intention is expressed

Question 3

LPA 1925, s 1(3)

Answer 3

‘All other estates, interest and charges in or over land take effect as equitable interests’

Question 4

LRA 2002, s 115

Answer 4

Right of pre-emption now recognised as an interest in land from the time the right is created

Question 5

LPA 1925, s 53(1)(a)

Answer 5

Sets out a minimum requirement for creating an equitable interest in land, i.e. in signed writing

Question 6

LPA 1925, s 53(1)(c)

Answer 6

Sets out to minimum formalities to be complied with for the transfer of an existing equitable interest, i.e. in signed writing