Introduction to Land Law Flashcards
Personal rights?
created by contract; only bind the parties to the contract
Proprietary rights?
capable of binding other people - not only the parties who created the rights (they attach to the land itself)
Estates in land?
an interest in land for a particular duration
Freehold estates?
closest thing to absolute, permanent ownership
Leasehold estates?
right to use and enjoy the land exclusively as owner for a stated period of time
Proprietary rights held in the land of another?
easements, mortgage, restrictive covenant
Legal Rights?
Section 1 of the Law of Property Act 1925
Creating legal rights in land?
contract, creation or transfer, registration
Formalities for a valid contract to sell or create an interest in land
section 2 Law and Property (Miscellaneous Provisions) Act 1989
Formalities for a valid deed
(Section 1(2) LP (MP) Act 1989):
Creating equitable rights in land?
a property right is equitable when: excluded under s1 of the LPA 1925