BPP Study Notes Ch 3: Leasehold Flashcards
What is the formal name for a leasehold?
term of years absolute
How is a leasehold created in the most general sense?
one person with an estate in land grants another the temporary right to exclusive use and enjoyment of it
How is a license distinguised from a lease?
license gives a personal right of occupation, but does not confer a legal estate in land
(Where is ‘term of years absolute’ defined?)
s205(1)(xxvii) LPA 1925)
What are the two basic requirements for a lease?
- certainty of term
- exclusive possession
How can certainty of term be shown?
demonstrating either
- fixed term
- periodic term
What is a fixed term lease?
- the maximum duration of the arrangement is known at the outset
What case sets out the need for certainty of term?
Prudential Assurance v London Residuary Body
What is a periodic tenancy?
- length of term not fixed in advance
- runs from period to period (weekly, monthly, quarterly, yearly etc)
- automatically renewed until either party serves a notice to quit upon the other
How can a periodic term tenancy be created?
- expressly: by written agreement
- impliedly: no written agreement but the certain term arises simply by the payment and acceptance of rent on a periodic basis.
Give an example of a case where a periodic tenancy was implied.
Prudential Assurance v London Residuary Body
How is the period calculated in periodic tenancies?
- by the period by reference to which the rent is calculated
- not the intervals by which the rent is payable
- eg £1000 per year in 4 quarterly payments; one period is one year not one quarter.
What case evidences how to calculate the term of a periodic tenancy?
Ladies’ Hosiery and Underwear v Parker
What is a tenancy at will?
- where the tenant occupies land with the owner’s permission on the understanding that either party can end the tenancy at any time
- gives tenure between landlord and tenant but no estate
What is a tenancy at sufferance?
- Where a tenant holds over (remains in possession without the landlord’s consent after the lease has ended)
- original entry was lawful so therefore no trespass
- if they start paying periodic rent and it is accepted a common law periodic tenancy is created