Formalities of a lease Flashcards
how to create a legal lease
According to s 52 LPA 1925, leases, being a type of legal estate, can only be conveyed by deed.
When will not be required to be made in writing
According to s 52 LPA 1925, leases, being a type of legal estate, can only be conveyed by deed.
If a lease is over 7 years
It must be registered
In reg land what is the effect of failure to register
S 4(1)(c) LRA in 2 months will mean legal title will revert back to the grantor leaving an equitable lease
effect of non registration in unregistered land
Will S 27(2)(b) LRA will revert back
A lease of 3 years
need not be made by deed
S 54(2) does not apply to
future leases they must be granted by deed Long v Towe Hamlets v LBC
Must be at a best rate
that can be reasonably obtained without fine - Fitzrinston LP v Panaji