Land/Property Flashcards
What happens if a will leaves “the property which at my death constitutes my main residence”?
the vagueness will revent ademption of a specific property- ie whatever property fills that description at time of death.
Who bears IHT when the will is silent?
The residuary estate bears the IHT burden.
what happens to a gift subject to a mortgage if the will is silent?
Section 35 of the Administration of Estates Act 1925.:
passes with the property, the property is liable for the moratge. any person(s) with interest in it are liable in porportion to their share.
- also applies to any gifts with a leain/ mortage eg car/ shares
eg jack gets 100% of property- liable for 100%
jack and jane gt 75/25%- liable 75-25%
Security of tenure
defn: buisness tenants are able to stay past end of lease ( security of tenure). applies for tennance (not licence) fixed/ periodic, in occupation (no sublet) and carries on buisness.
excluded( t at will, agri holdings, mining, service t or t less than 6mths with no renewal, t contracted out of act)
consequence: to end lease need grounds in 1954 act
avoice by: contract out of the Act (14 day before notice before start of lease, t must reply in writing or make stat dec before a silicitor), else it applied automatically
Protection for teants under 1954 act
comm lease continues after CED untill terminated by method in Act
Terminating a T with security s25
L- service s25 notice on form to T, with 6-12 mths before Spec termi date to end, and
a) L will not opose t new app but create new with market rent. must then apply to court for a new lease after notice but before STD.
or
b) L oppose new tennacy and grounds for opposition.
either party can apply to court
t should protect interest by unilateral notice at land reg or pending land action in unregistered land.
terminating t with security under s26
t serves notice on L : ending curent lease and req new one on form, 6-12 befre propsed date of new lease ( cannot be before end of currnt lease)
LandL may counter notice within 2 mths an include grounds for opposing.
either party can apply after Lcountr notice or after 2 mths of s26 req.
terminating t under s27
t serves notice on 7, no perscribed form, ending lease not req new one, served on immediate land lord.
immediate land lord vs competent L
I L: holds the lease/ subleasehodler leasing to the T. direct landlord over T
CL- holds the freehold or holds the interest that exceeds the T lease terms.
Mandatory and discretionary grounds for refusal of s25
Mandatory:d, f, g- (court will grant objection)
-other alternative
- demolish, reconstruct, renovate
- intend to occupy 4 self buis or residence
Disc: a.b.c.e - (court can choose if to grant anyway)
- breach of repairing oblig
- persistent and serious delay in paying rent- repeatedly
- other substantial breachers- serious and persistent
- sublet a part and L wants to take possession of the whole to lease/ sell as a whole
s4 covenants
term guaranteeing the lease exists,
there is no onoging breach, and
nothing happened that would cause termination/ forfeiture of the lease
covs in lease absolute, full qual, qual
Absolute Covenant: Total prohibition on assignment.
Qualified Covenant: Assignment requires landlord’s consent, but “reasonableness” is implied.
Fully Qualified Covenant: Assignment requires landlord’s consent, and the lease explicitly states that consent cannot be unreasonably withheld.
SCPC- consequence if failure to get landlord consent
Condition 11.3.6, if the landlord’s consent has not been obtained by six months after the original completion date, either party may rescind the contract by serving notice on the other.
AGA`s
pre jan 1996 - Privity of contract with orig- passes to everyone with AGA or without AGA ( aga didnt exist back then)- (A liable for B and C faults)
after 1996- AGA only applies to current. (A not liable for C after B signs AGA for C)
Easement/ profit requirement requirement to be legal
1- by deed most cases- in freehold posession forever or
term of years.
- exception to fromality of deed:
- necessity,
- common intention -on sale/ tennancy ),
-wheeldon burrows( quazi converted to easement on sale)
-Perscription
if uncertin duration - equitable only