Co-ownership Flashcards
How is legal title held on a jointly owned property
ALWAYS as joint tenants S1(6) LPA 1925
What is the maximum trustees allowed for an estate in land
Four - S34(2) LPA 1925 AND S34(2) Trustees Act 1925
What are trhe requirements of a joint equitable tenancy
4 unities (possession, interest, title, time) AND no words of severance
A case where there were no words of severance
Re Gorman “entitled to the land for their own benefit”
Wording insufficient to assume severance but also insufficient to be an express joint tenancy
Huntingford v Hobbs “each party can give a valid receipt”
What form of tenancy does equity presume
Tenancy in common
What are the requirements for an equitable tenancy in common
Just unity of possession (rest may or may not be there). Look to the intention of the parties
What is the statutory method for severance and where is it found
S36 LPA 1925 - notice in writing
Three things about the effect of written severance
Can be unilateral, has immediate effect, must be served to ALL other tenants
Authority that the postal rule does no apply for severance
S196(4) LPA 1925
Example of severance being effective even though the addressee did not receive it
Re 88 Berkeley Road - lady hid letter - delivery is “deemed” (unmarried housemates)
Example of severance being effective even though the sender was a nasty piece of work
Kinch v Bullard (wife destroyed letter - heart attack)
What counts as “such other acts and things” under S36 LPA 1925
Murder, bankruptcy
Three methods of severance in Williams v Hensman
- Acting on his own share. 2. Mutual agreement. 3. Course of conduct
What’s the requirement of acting on your own share
Must be final and irrevocable in character