5 co-ownership Flashcards
Unmarried couple bought a house. woman contributed more than 50% of PP. Legal title in joint names - no dec of how trust was made. HoL held JT - starting point to assume a beneficial JT but woman contributed more here
Stack v Dowden
1 of 5 beneficiaries under a trust with an instruction for the prop to be sold after death of the settlor, and the proceeds divided. B had been living in prop during testator’s lifetime. Held: property should be sold - trust clearly indicated a wish for immediate sale
Barclay v Barclay
Test:
equity follows the law. if all four unities, presumption that equity follows the law
Joint tenancy - Stack v Dowden
Absence of all four unities
Tenancy in Common -only need possession
Use of words shares and severance is used
Tenancy in Common - Barclay v Barclay
unequal contribution to purchase price
Tenancy in common
implied trust
IMMEDIATELY INTO TENANCY IN COMMON
Resulting trust - must contribute to the purchase price - contribution to cost of repair was not enough
Bank of India v Mody
resulting trust - intention to create co-ownership needed
Stack v Dowden
Constructive trust - decorating the house will not suffice. Wife helped renovate the property and HoL refused to find that a constructive trust had arisen
Lloyd Bank v Rosset
Four unities - JOINT TENANCY
Possession
interest
time
title
two people owned field in tenancy in common. he cut the hay and sued by the other for trespass. failed because cutting hay is legitimate act of ownership
Jacobs v Seward - POSSESSION - four unities
father died and flat the son was staying in went to step mum. CoA decide whether co-owner could charge other person. No
Jones v Jones
HoL held that two JT derived their title from the same doc - even if 2 pieces of paper
Antoniades v Villers
court not prepared to enter restriction requiring consent of beneficiaries just before sale because it will destroy the concept of overreaching
Coleman v Byrant