Law: Land Law Flashcards
What is a flying freehold?
Flying freehold is an English legal term to describe a freehold which overhangs or underlies another freehold. Common cases include a room situated above a shared passageway in a semi-detached house, or a balcony which extends over a neighbouring property.
Under which Act do the two legal estates in land exist?
law of estates act 1925
Law of property act 1935
Land and property act 1922
Law of property act 1925
Law of Property Act 1925
Which unities are required for a joint tenancy to operate?
Period, interest, tenancy, time
Possession, interest, tenancy, time
possession, interest, title, time
The four unities are not ‘required’ and can be avoided by express agreement
possession, interest, title, time
What are the two legal estates in land?
Leasehold and freehold
Common hold and freehold
Leasehold and commonhold
Fee simple and fee tail
Leasehold and freehold
What is commonhold estate?
A type of leasehold estate
A type of ownership which applies to unregistered land
A type of ownership of a house
A type of ownership which applies to registered land
A type of ownership which applies to registered land
Which is true of covenants?
Covenants never run with the land, they are purely personal.
Negative covenants may run with the land, positive covenants do not.
positive and negative covenants always run with the land.
Positive covenants run with the land, negative covenants do not.
Negative covenants may run with the land, positive covenants do not.
What is a leasehold interest?
A term of years absolute which gives the tenant exclusive possession
Freehold ownership of a property which allows the tenant exclusive possession
A term of years absolute which allows the tenant to occupy the property without exclusive possession.
An uncertain time which gives the tenant exclusive possession.
A term of years absolute which gives the tenant exclusive possession
A ‘squatter’ takes possession of a piece of land in 2004. At what point can he/she first make a claim to be registered as the proprietor using the law of adverse possession?
2007
2014
2032
2016
2016
Which of the following statements is true?
Wayleaves relate to neighbouring or related land
Wayleaves are terminable contracts
Wayleaves must be arranged by deed
Wayleaves are irrevocable rights binding on successive landlords
Wayleaves are terminable contracts
An estate in land can relate to:
Leasehold land
Freehold land
Freehold or Leasehold land
Easement, restrictive covenants and other rights
Freehold or Leasehold land
In a standard conveyance, which of the following is usually carried out by the seller?
Obtaining the mortgage offer
Drafting the contract
Drafting the transfer
Carrying out searches
Drafting the contract
In England and Wales, at what point in a conveyancing transaction are the parties legally bound to the transaction?
Production of the contract by the sellers solicitor
Completion
Exchange of contracts
Acceptance by the seller of the buyers offer
Exchange of contracts
What distinguishes a deed from any other contract?
It is signed
It is in writing
It is signed, witnessed, delivered and called a deed
It is signed and witnessed
It is signed, witnessed, delivered and called a deed
Why is it important to ascertain whether something is a fixture or a chattel?
Fixtures must be left by the out-going vendor
Fixtures can be taken by the out-going vendor
The vendor can charge extra for the fixtures
It makes no difference whether something is a fixture or a chattel
Fixtures must be left by the out-going vendor
What is ‘gazumping’?
Purchaser making a lower offer after previously agreeing a price
Vendor accepting a higher offer after already accepting a previous offer
Purchaser withdrawing offer at the last minute
Vendor withdrawing the property from the market at the last minute
Vendor accepting a higher offer after already accepting a previous offer
What is ‘gazundering’?
Vendor withdrawing the property from the market at the last minute
Purchaser making a lower offer after previously agreeing a price
Vendor accepting a higher offer after already accepting a previous offer
Purchaser withdrawing offer at the last minute
Purchaser making a lower offer after previously agreeing a price