Land Law Statutes and Principles Flashcards
FSAP
Fee Simple Absolute in Possession
Law of Property (miscellaneous Provisions) Act 1989, s. 2 (1989 Act): Formalities of the Contract
valid land contract s 2 in effect requires: -Single document (or two identical) -Containing all the terms -Signed by both parties Then Need to be Registered
Proprietary Estoppel Features
1) representation of property rights made to Claimant
2) Reliance by Claimant
3) Detriment suffered by claimant as a result
Fixed Term
Lease is a predefined and certain period
Periodic Tenancy
yearly, Monthly, weekly
Continues until ended by notice
Leases Certainty
Leases must be certain. they must have a start date and an end date. See cases:
Harvey v Pratt
Prudential Assurance v London Residuary Body
Berrisford V Mexfield
Legal Lease
Deed (unregistered land): s 52(1) LPA 1925
Registration (registered land): s 27(2) LRA 2002 (over 7 years) (4 (1)(c))
Under 7 years its unregistered overriding interest
Equitable Lease
Should be protected by notice on register
Equitable because:
- L only has equitable estate
-Lacks Formalities
-Enters into a valid contract but never given legal lease (Walsh v Lonsdale)
Lease Definition
a certain term that grants Exclusive Possession (the right to exclude the world)
License
Personal Right that is granted to a single individual that is determinable whenever the grantor see’s fit
Exclusive Possession
T’s right to control entry onto the land– right to exclude others/strangers including landlord. If the tenant does not have exclusive possession, they cannot have a lease.
Lodger
The occupier is a lodger if the landlord provides attendance or services
Written Terms that Bar exclusive Possession
Provision of Services – e.g. cleaning; Huwyler v Ruddy
Moving occupier to another room: Westminster v Clarke
Introducing other occupiers: Antoniades
Multi Occupancy and a Lease
Joint Tenancy of the right to EP exists where the following ‘four unities’ exist: AG securities v Vaughn
-Possession - all joint tenants possess equally and together
-Interest - same period/obligations (rent) All derive the same benefit from the property
- Time - acquiring rights at same time from L
-Title - single rather than separate agreement with L
Mikeover v Brady
Stribling v Wickham
Sham/Pretence
A term in a lease agreement that is not genuine but is only there in an attempt to create a contractual license rather than a lease.
Forfeiture: Failure to pay
Non-payment of rent 212 Common Law Procedures Act 1852: If the Lessee is brought to court and he pays all rent and arrears together with costs; then the proceedings stop.
Forfeiture: Breach of Covenant
Other Covenants: s 146 LPA 1925: Lessor must provide Notice of the breach; Time to Remedy the breach; Require the Lessee to make compensation for the breach.
Rugby school v Tannahill
Glass v Kencakes
Legal Mortgage: Unregistered Land
LPA 1925, ss. 85(1) and 87 recognized two methods:
- Long lease (lease by demise); or
- Charge by deed by way of legal mortgage
Legal Mortgage: Registered land
- Mortgage of registered land can only be by charge (property interest by specialist deed that creates the mortgage) LRA 2002 (s 23(1))
- And registration is essential to its validity: LRA 2002 ss. 27(2)(f), 93(1)(2)
Equity of Redemption
Equity of redemption signifies all the residual right of ownership mortgagor enjoys, including:
- Right to get the property back in original state on repayment/discharge of debt
- That which can be sold or use to create a second mortgage
Clogs and Fetter
Attempting to inhibit the payment or performance of the Mortgage:
- Mortgage terms restricting/postponing mortgagor’s right to redeem
- Terms giving mortgagee right to purchase
- Terms giving mortgagee Solus Tie
Restricting Postponing right to redeem Mortgage
A term in the Mortgage deed which prevents/postpones Mortgagor’s right to repay the debt and end the mortgage.
See Fairclough v Swan Brewery and Knightsbride v Byrne
Term permitting purchase of land by mortgagee
An Option to purchase might be regarded as inserting into the mortgage deed something which is incompatible with the nature of mortgage and is an attempt to prevent L getting the property back in its original state and free from mortgagee’s rights
See Jones v Morgan
Samuel v Jarrah Timber
Warnborough v Garmite
Collateral Advantages (Solus Ties)
Mortgagee stipulates for some additional benefit in return for Loan. Solus Tie is an exclusive supply agreement. To be Valid it must end when the Mortgage ends. Noakes v Rice Bradley v Carritt Kreglinger v New Patagonia Esso v Harper
Protecting Mortgagor: Interest Rates
If the interest rate can be shown to be unconscionable not just unreasonable: Equity is concerned
City holdings v Dabrah
Paragon Finance v Nash
Multiservice Bookbinding v Marden