Land Law Flashcards
What does the 1925 Property Legislation call burdening rights?
“interests in land”
What are two other terms that mean “interests in land”
- Encumbrance
- Third party rights
What are the two main categories of Third Party Rights
- Legal rights
- Equitable rights
What are the 5 things that can be a legal interest
A) an easement, right, or privilege in or over land for an interest equivalent to an estate in fee simple absolute in possession of a term of years absolute
B) A rentcharge in possession issuing out of or charged on land being either perpetual or for a term of years absolute
C) A charge by way of legal mortgage
D) [Land tax, tithe rent charge] and any other similar charge on land which is not created by an instrument
E) Rights of entry exercisable over or in respect of a legal term of years absolute, or annexed for any purpose, to a legal rentcharge
What is the correct term for “transferring” an estate
Convey
What legislation provides that conveyances and grants of land must be made by deeds
LPA 1925 s.52(1)
What legislation outlines requirements for creating equitable interests
LPA 1925, s 53
What did the case of Hudson v Hathaway [2022] confirm
That an equitable interest could be created in an email
What is the requirement in creating an equitable interest in land
Must be done in writing
How can property interests be created without formality (2)
- propitiatory estoppel
- Resulting and constructive trusts
What is the difference between “in rem” and “in personam”
In rem means “good against the world” and “in personam” means good against a specific type of person
Which type of land right is in rem
Legal
Which type of legal right is in personum
Equitable
What 3 catagories of people was it seen as fair to inherit equitable interests
- Those who inherit rights from trustees
- Those who take rights from the trustees as a give (Donees or volunteers)
- Those who buy rights from the trustee, either knowing of the beneficiaries rights or deliberately closing their eyes to them
Who escapes equitable interests applying?
Bona Fide purchaser for value
What are the three requirements to be a Bona Fide Purchaser for value
- They must act in good faith
- Purchase for value
- Properly record the transactions
Can the Bona Fide Purchaser have notice of the equitable interest if they wish to avoid it?
No
What are the two types of notice?
- Actual
- Constructive
What is actual notice
Applies where the purchaser has actual knowledge of the existence of an equitable interest
What does Lloyd v Banks (1868) hold?
Actual knowledge of an equitable interest does not need to come from a particular source
What is constructive notice
Notice that purchasers are “bound to be aware of” following regular checks (searches etc)
What is Imputed Notice?
Notice a purchaser is assumed to have because their agent has either actual or constructive notice of it
What does Jared v Clements [1903] hold?
imputed notice is Notice a purchaser is assumed to have because their agent has either actual or constructive notice of it
What did National Provincial Bank Ltd v Ainsworth [1965] lead to?
New rights of occupation created in 1967 (Named “matrimonial home rights” by the Family Law Act 1996