Land - Interests and 3rd Parties Flashcards
This flashcard deck was created using Flashcardlet's card creator
s1(2) LPA
There are five legal interests in land:
- easement/profit à prendre
- charge by way of legal mortgage
- rentcharge
- landlord’s right of re-entry
- tithe
s1(1) LPA 1925
There are only two legal estate in land:
- fee simple
- term of years absolute
s52(1) LPA 1925
Legal interests/estates must be granted/conveyed by deed
ss1(2) and (3) LP(MP)A 1989
A deed must be: - identified as such - signed and witnessed - delivered (- pre-31/07/90 sealed)
s1(3) LPA 1925
All other estates/interests take effect only in equity, and may include:
- estate contract
- trust interests
- restrictive covenants
- spouse’s statutory right of occupation
s30 FLA 1996
Spouse’s statutory right of occupation
s2 LCA 1972
The following equitable interests must be protected by a notice on the land charges register:
- puisne mortgage C(i)
- estate contract/equitable lease C(iv)
- restrictive covenant D(ii)
- equitable easement D(iii)
- spouse’s right of occupation F
s3 LCA 1972
Notice of charge must be registered against owner’s name
s4 LCA 1972
Notice must be register by date of completion of sale
s2(1)(ii) LPA 1925
Interests under a trust may not be protected as a land charge, but may be overreached in UL
s198 LPA 1925
Registration of a land charge constitutes actual notice
Kingsnorth Finance v Tizzard
Notice is imputed where buyer’s agent had notice (in course of the same transaction)
s199(1) LPA 1925
Constructive notice arises where proper inquiry should have been made
Hunt v Lock
Constructive notice arises where proper inspection should have been made
s27 LRA 2002
Registrable dispositions only take effect once registered, and include:
- legal easements expressly granted
- legal charges, i.e. mortgages
- legal leases of more than 7 years