Enforceability of third party rights Flashcards
What are the formalities to create a legal lease?
- Deed (s52 LPA 1925)
- For a term of years absolute (s1(2) LPA 1925
- Exclusive possession (Street v Mountford)
How does a legal lease bind a buyer?
In the registered system a legal lease
for over 7 years is a registrable disposition s27(2)(b)(i) LRA 2002. It needs to have been registered by the date of registration of a buyer in order to bind her/him.
If a lease is for 7 years or under, how will it bind a buyer?
As an overriding interest under Schedule 3(1) LRA 2002
What are the formalities needed for a parol lease?
- Doesn’t exceed 3 years
- In possession
- At market rate
- Without a fine
s54 LPA 1925
What are the criteria needed for a Section 30 Family Law Act 1996 right?
- Be married
- Legal owner still alive
- Home is the matrimonial home
Family Law Act Rights 1996 cannot bind as an overriding interest. True or false?
True s30(1) Family Law Act 1996
How are Family Law Act rights enforced?
Family Law Act rights bind as interests affecting a registered estate. They must be entered as a notice on the register by the date of registration of a new buyer to bind (s29 LRA 2002)
How does a equitable lease bind a buyer?
An equitable lease is an interest affecting a registered estate. It must be entered as a notice on the register by the date of registration of a new buyer to bind (s29 LRA 2002)
What are the formalities needed for an equitable lease?
- Exclusive possession
- In signed writing
s53(1)(a) Law of Property Act 1925 - Contains all agreed terms (s2 LPMP Act 1989)
Trusts cannot be protected by a notice on the register. Which section of which Act?
s33(a)(i) LRA 2002.
Which rights are registrable under s2 of the Land Charges Act 1972 in unregistered land?
All Equitable interests after 1926 apart from those under constructive or resulting trusts
Are legal interests registrable under s2 of the Land Charges Act 1972 in unregistered land?
No
Are constructive trust interests registrable under s2 of the Land Charges Act 1972 in unregistered land?
No
If a right is registrable it must be registered against the owner’s name by the date of completion of sale. Which Section of which Act?
s4 Land Charges Act 1972
To take the free of trust interests, buyers should overreach. Which Section of which Act?
Sections 2 and 27 Law of Property Act 1925