CO-OWNERSHIP Flashcards
Co-owernship introduction
co-owned property is where 2 or more people own the same estate in the same piece of land concurrently, and is held by way of a trust
Freehold formalities
s1(1) LPA 1925, by deed - s52(1) LPA 1925, requirements for a deed - s1 LP(MP)(A) 1989, registered - re.g land s27 LRA 2002, unregistered land - s4 LRA 2002
s34 Trustees Act 1925
no more than a max. of 4 legal owners of any property
s34 LPA 1925
legal owners will be the first 4 people named in the conveyance, regardless of how many more people are named in the document
s1(6) LPA 1925
no person under the age of 18 can hold LT, and LT will be held as a JT as this is the only way of holding it
s1, 4 and 6 TLATA
statutory trust will be imposed where eland owners by 2+ people, LT held as JT
Pink v Lawrence
If 4 unities are present, an express declaration is conclusive of an equitable joint tenancy - which will be held in equal shares
Stack v Dowden
alternatively, presumption of equal ET as JT if they’re JT of LT
AG Securities v Vaughan
4 unities - all entitled to possession of the whole of the property, have the same interest in the property with respect to nature and duration, derive their title from the same act of purchase and their interests start at the same time
Bull v Bull
If unequal contribution, presumptions of TIC in unequal shares
Jones v Kernott
Bull doesn’t apply in domestic cases, unless intention of TIC shown by all parties in their whole course of conduct
Sole legal owner + no express declaration
= TIC
Lake v Craddock
If property bought as commercial investment
Payne v Webb
‘in equal shares’
Heathe v Heathe
‘share and share alike’
Fisher v Wigg
to be divided between
Re Kilvert
equally
If 4 unities not present, but there is unity of possession
= TIC (AG Securities v Vaughan)
s36(2) LPA
defines severance by ‘express written notice or other acts or things (Williams v Hensman)
Re Draper’s
need not be signed by the severer (wife’s divorce petition asked for immediate sale of house and immediate division of proceeds of sale)
Re Caines
must be inter-vivos
Harris v Goddard
no severance found - showed intention as to future, petition of divorce was vague
Quigley v Masterson
severance affected - woman’s application in the Court of protection proceedings during man’s lifetime qualified s written notice. Made it clear that she treated his share as 50p and wanted a valuation for house
s196(4) LPA 1925
it is sent by registered post and not returned to Post Office - assume that it has been delivered and no need to move it arrived
s196(3) LPA 1925
if normal post used then would need to prove that notice arrived
Kinch v Bullard
SEVERANCE YES - terminally ill wife posted written notice in letter box. Husband never seen it
Re 88 Berkeley Road
SEVERANCE - YES - the other woman knew nothing about it until after first woman’s death. Recorded delivery to property and signed for it herself
Ahmed v Kendrick
S - YES - husband sold jointly owned house by forging wife’s signature
Penn v Bristol
NO S- bc. of fraud
First National Securities v Hegarty
mortgaged operating on his own share