Land Estates And Interests Flashcards
Estates in Land
1) Fee simple absolute in possession
2) The terms of years absolute
Interests in land:
1) Beneficial interests under a trust of land
2) Mortgages
3) Restrictive convenants
4) Profits a prendre
5) Rights of entry
Two kinds of estate:
1) Freehold estate - can last indefinitely
2) leasehold estate is a fixed length of time
Interests in land fall into 2 categories:
1) Legal interest
2) Equitable interests
Easement
Examples of easements
Dominant and servient land owners
Access to Neighbouring Land Act 1992
Gives right of access to neighbouring land for repair and maintenance of own property
Party Wall etc Act 1996
Provides various rights of entry for repairing or rebuilding party walls
Covenant
Examples of covenants