Land Law - Estates in Land Flashcards
Which legal estates need registration, and why?
All legal estates need registration to perfect the transaction and pass title to the Buyer
When do you register leasehold estates?
Any leases lasting more than 7 years
When do you register legal mortgages?
FIRST legal mortgages than run for more than 7 years
When can equitable and legal easements be registered?
Legal easements on title on LR. Equitable easements as land charges, if post-1925
What formality do all legal estates need to be transferred?
They must be signed and delivered as a DEED.
Does a license give an action in rem or action in personam? (Define these terms).
Action in personam. Licenses are only good against the owner who granted it, not against the world / third parties.
Name LEGAL interests in land
- Freehold,
- Leasehold,
- Mortgages,
- Easements (for a specific time or forever),
- Rights of entry (e.g. right of landlord to re-enter his flat)
Name EQUITABLE interests in land
- Freehold/positive covenants (promise to do something, e.g. maintain a wall),
- Restrictive covenants (promise not to do something, e.g. not to build or alter),
- Beneficiary’s property interests held on trust,
-Easements granted for an UNCERTAIN term, - Estate contracts (e.g. contract to buy or lease land)
Legal and Equitable titles - who gets damages and when?
Infringing legal titles automatically gets damages as a remedy; remedies for equitable titles are at the court’s discretion.
A and B buy a house, both contributing 50% of the price. A is registered as legal owner on the Land Registry. What interest, if any, does B have in the land?
An equitable interest through an implied trust.
What are the three stages of transferring a freehold title?
- Exchange of contracts (in writing, all agreed terms in the contract, signed by both)
- Completion by deed (must be clear on the fact of it that it’s intended to be a deed; valid signing; must be delivered).
- No legal requirement for BUYER to sign the Deed (but this is always done in practice)
- TR1 Form is used as standardised form of transfer. - Registration
- registered land: title does not transfer until registration at Land Registry
- unregistered land: Land must be registered for the first time within 2 months, or title reverts back to the original owner.
When a seller signs a deed, what are the formalities?
The seller’s signature must be witnessed and the witness must also sign.
Is dating a deed sufficient to count as “delivery”
Yes, this satisfies the formality to “deliver” the deed.
When does title pass in unregistered and registered land?
Unregistered - Completion of transfer deed (but this triggers need to register the land for 1st time).
Registered - when registration occurs with LR.
If you vary an estate contract, must it comply with the standard formalities (in writing, all express terms in one document and signed by both parties?)
Yes, variation must comply with formalities also.