Key Terms Flashcards

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1
Q

Adverse Possession

A

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.

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2
Q

Assignee

A

A person to whom something has been assigned - such as a lease.

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3
Q

Assignor

A

A person who assigns something, such as a lease, to an assignee.

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4
Q

Covenant

A

A promise to do, or not do, something in relation to land.

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5
Q

Covenantee

A

The covenant-receiver, or owner of the land that benefits from the covenant.

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6
Q

Covenantor

A

The covenant-maker, or owner of the land that is burdened by the covenant.

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7
Q

Deed

A

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’.

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8
Q

Dominant Tenement

A

The land that benefits from an easement.

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9
Q

Easement

A

A proprietary right which benefits one piece of land to the detriment of another, e.g. a right of way

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10
Q

Freehold Estate

A

The closest thing to absolute ownership of land in English and Welsh law.

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11
Q

Leasehold/Lease

A

A transferable right to occupy a property for a certain length of time.

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12
Q

Lessee

A

The person who has the lease, or Tenant

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13
Q

Lessor

A

The person letting the property, usually the Landlord.

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14
Q

Licence

A

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).

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15
Q

Licensee

A

The party receiving a licence in respect of a licensor’s land.

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16
Q

Licensor

A

The party giving a licence over his or her land.

17
Q

Mortgagee

A

The Lender who receives the benefit of the mortgage as security for a loan given by them, typically a bank/building society.

18
Q

Mortgagor

A

The Borrower who gives a mortgage over their land, usually in order to borrow sufficient funds to purchase the property.

19
Q

Paper Owner

A

In the context of adverse possession, the owner of a contested piece of land in the sense that their name appears on the title deed or register.

20
Q

Promissory Estoppel

A

A principle of equity under which the court may estop someone from reneging or going back on a promise, even if that person isn’t contractually bound, where it would be unjust/inequitable for him to do so.

21
Q

Proprietary Estoppel

A

A principle of equity under which a court may estop someone who has led another person to believe in a particular state of affairs in relation to property from going back on it, if it would be unjust/inequitable for him to go back.

22
Q

Servient tenement

A

The land that is burdened by an easement.

23
Q

LCA 1925

A

Land Charges Act 1925

24
Q

LCA 1972

A

Land Charges Act 1972

25
Q

LPA 1925

A

Law of Property Act 1925

26
Q

LRA 2002

A

Land Registration Act 2002

27
Q

LP(MP)A 1989

A

Law of Property (Miscellaneous Provisions) Act 1989

28
Q

TA 1925

A

Trustees Act 1925

29
Q

TOLATA

A

Trusts of Land and Appointment of Trustees Act 1996

30
Q

IA 1986

A

Insolvency Act 1986