Concepts Flashcards

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1
Q

What is land

A

S205(1)(ix) LPA 1925

Things you can touch and feel

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2
Q

What is a fixture

A

Part of the land that must remain with it

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3
Q

What is a chattel?

A

Moveable property

Would not expect to acquire them when buying land

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4
Q

Tests to determine fixture or chattel

A
  1. Method and degree of annexation
    - how firmly fixed
    - will it cause damage to remove
  2. Object and purpose of annexation
    - why is it there
    - rebuttal presumption in first test
    - conclusive
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5
Q

Who owns land

A
  1. All land in E & W owned by Crown
  2. Owning land is a right to enjoy land for a period of time
  3. If someone died having owned land with no inheritors it will belong to crown
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6
Q

What does estate mean

A

Time in the land

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7
Q

What is a freehold estate?

A

Outright ownership which will last forever

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8
Q

What is a leasehold estate

A

Of limited duration

Leases may be fixed term or periodic

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9
Q

Unregistered system of land

A

Proving you own title to the land showing good root of title

Showing documents that they prove ownership

Must be at least 15 years old

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10
Q

Registered system of land

A

Land registration act 2002

Register is computerised and open to the public

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11
Q

How does a conveyancing transaction work? - moving of land

A
  1. Exchange of contracts
    - 10% deposit paid on exchange
    / time delay of 2-4 weeks before completion
  2. Completion
    - ownership moves & 90% money is paid
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12
Q

Formalities for a contract for sale of land

A

S2 Law of Property (Miscellaneous Provisions) Act 1989

  • Be in writing
  • contain all terms agreed by parties
  • be signed by or on behalf of both parties
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13
Q

S52(1) LPA 1925

A

Deed is required to create or transfer a legal estate

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14
Q

Requirements of a deed

A

S1 LPMPA 1989

  1. Must be clear on the face if it that it’s a deed
  2. Signed, witnesses and delivered
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15
Q

When does the ownership of unregistered title pass over?

A

Once deed is dated, ownership of land passes and buyer becomes legal owner as soon as the money is paid and completion takes place

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16
Q

When does ownership of registered land change hands?

A

Transfer deed will be dated and completion takes place, but buyer doesn’t become legal owner until buyers name is on the register

Need to make application for transfer of ownership

17
Q

Deciding case on fixtures and chattels

A

TSB Bank v Botham

18
Q

What did Botham say was a chattel?

A
  • Carpet
  • Gas fire
  • White goods
  • Light fittings
19
Q

What entries would you expect to see in the register of title?

A

Property register

Proprietorship register

Chargers register