Key Terms Flashcards
Adverse Possession
A route by which someone, the Adverse Possessor or Squatter, who adversely possesses land which is owned by another, may gain some form of title over that land.
Assignee
A person to whom something has been assigned - such as a lease.
Assignor
A person who assigns something, such as a lease, to an assignee.
Covenant
A promise to do, or not do, something in relation to land.
Covenantee
The covenant-receiver, or owner of the land that benefits from the covenant.
Covenantor
The covenant-maker, or owner of the land that is burdened by the covenant.
Deed
A written legal document that transfers, created or confirms a property right.
To be valid it must be in a prescribed form: Signed, witnessed, dated, and headed a ‘deed’.
Dominant Tenement
The land that benefits from an easement.
Easement
A proprietary right which benefits one piece of land to the detriment of another, e.g. a right of way
Freehold Estate
The closest thing to absolute ownership of land in English and Welsh law.
Leasehold/Lease
A transferable right to occupy a property for a certain length of time.
Lessee
The person who has the lease, or Tenant
Lessor
The person letting the property, usually the Landlord.
Licence
A personal right which grants permission for one party to enter and remain on another party’s land in accordance with the conditions of the licence.
This can either be with consideration (Contractual), or without (Bare).
Licensee
The party receiving a licence in respect of a licensor’s land.