Land - Interests and 3rd Parties Flashcards
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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
Sch. 3 paras. 1-3 LRA 2002
Overriding interests that override on subsequent registration include
- legal leases for less than 7 years
- right of person in actual occupation
- legal easement granted by prescription/implication
s32 LRA 2002
All other legal and equitable interests not mentioned take effect in RL as minor interests and must be protected by a notice on the register
s4 LRA 2002
Certain qualifying events trigger requirement for first registration of UL:
- transfer of unregistered freehold estate
- grant of first legal mortgage on UL
- Grant/assignment of legal lease of more than 7 years
s11 LRA 2002
Following first registration, the following intents will override provided they are in existence by date of registration:
- legal leases of less than 7 years
- interests of person in AO
- legal easements/profits
Williams & Glyn’s Bank v Boland
AO requires physical presence on the land
Lloyds Bank v Rosset
Visiting property to supervise renovations is sufficient physical presence
Kling v Keston
Car parked regularly in the garage is sufficient physical presence
Chhokar v Chhokar
Temporary absence will not amount to an absence of physical presence, e.g. stay in hospital
Stockholm Finance v Garden Holdings
Prolonged absence will no longer constitute physical presence, e.g. 2-year round-the-world trip
Strand Securities
Physical presence must be by the person claiming the right, not his agent/relative
Sch. 3 para. 2 LRA 2002
Right of person in AO will only override if:
- buyer had actual knowledge of the occupation
- occupation was/would have been obvious from reasonably careful inspection
- person in AO failed to disclose his right upon inquiry although it would be reasonable to expect him to do so
s28 LRA 2002
Disposition of RL other than for valuable consideration, e.g. gift or fraud, will bind donee to rights already in existence
s29 LRA 2002
Buyer for valuable consideration of RL will only be bound by registered rights and overriding interests; otherwise, he take free of them
s199(1)(i) LPA 1925
If a right capable of registration in UL is not protected as a land charge, the BFPFVWN takes free
s4(6) LCA 1972
Unregistered class C(iv) and D(iii) charges are only void against a purchaser for money/money’s worth in UL