Nature of land Flashcards
What are the requirements for a valid land contract?
A valid land contract must comply with LP(MP)A, s 2. It must be in writing, signed by both parties, and contain all the agreed terms.
What is the difference between proprietary rights and personal rights in land?
Proprietary rights in land are enforceable against third parties and are capable of being enforced in rem. Personal rights, on the other hand, are only enforceable against the person who granted the right and are enforceable in personam.
What are the triggering events that require compulsory land registration?
The triggering events for compulsory land registration include the transfer of the freehold estate by sale, gift, or court order; grant of a lease for more than seven years; assignment of a lease with more than seven years remaining; assent or vesting deed of the freehold or leasehold with more than seven years remaining; grant of a lease to take effect in possession more than three months after the date of the grant; and first legal mortgage of the freehold or leasehold with more than seven years remaining
What is the purpose of the Mirror Principle in Land Registration
The Mirror Principle in Land Registration ensures that each registered title reflects the state of the land’s ownership at any given time. It allows for online investigation of land titles with minimal additional inquiries and inspections.
Can a land contract be varied? What are the requirements for a valid variation?
A land contract can be varied, but any variation must comply with LP(MP)A 1989, s 2. The case of McCausland v Duncan Lawrie Ltd [1997] 1 WLR 38 considered this issue and held that a material term in a land contract must also comply with LP(MP)A 1989, s 2 to be valid.
What is the purpose of the Curtain Principle in Land Registration?
The Curtain Principle in Land Registration allows for a complete record of all matters relating to a piece of land. It simplifies and cuts down on the costs of conveyancing while providing a comprehensive record of land details.
What are the two recognized legal estates in land?
The two recognized legal estates in land are the freehold estate and the leasehold estate. The freehold estate is equivalent to absolute ownership of land and lasts indefinitely, while the leasehold estate lasts for a certain duration and is granted out of the freehold estate.
What is the purpose of the Insurance Principle in Land Registration?
The Insurance Principle in Land Registration guarantees that the ownership of a registered title is approved and investigated before registration. If any errors are found, an innocent party who has suffered loss can claim compensation against the Land Registry.
What are the requirements for a valid deed in a property sale?
A valid deed must comply with LP(MP)A 1989, s 1. It must be clear on the face of the document that it is intended to be a deed, be validly executed, and be delivered. A standard form of transfer deed, such as a TR1, is commonly used.
What is first registration in land law?
First registration refers to the requirement to register unregistered land when it is sold for the first time since December 1, 1990. It triggers the need to create a registered title for the land.
What is commonhold and how does it differ from a long lease?
Commonhold is a type of freehold that was introduced by the Commonhold and Leasehold Reform Act 2002. It is created out of a freehold registered estate and is designed to meet the needs of owners of flats or apartments. Unlike a long lease, commonhold is not a declining asset and does not have an overall landlord. Instead, there is a commonhold association responsible for maintaining communal areas.
What is the significance of the case Walsh v Lonsdale (1882) 21 Ch D 9 in relation to land contracts?
In the case of Walsh v Lonsdale, a land contract was given proprietary status based on the equitable maxim that ‘equity regards as done that which ought to be done’. This case established that a contract to create or transfer a legal property right will create a proprietary right in equity if the remedy of specific performance is available.
What are incorporeal hereditaments?
Incorporeal hereditaments are the benefit of any proprietary rights that the land has but which have no physical substance. For example, an easement to park on a neighboring land is an incorporeal hereditament.
What is the purpose of the Law Society Fixtures and contents form (Form TA10)?
The purpose of the Law Society Fixtures and contents form (Form TA10) is to avoid a dispute about whether an item is a fixture or chattel. It allows the buyer and seller to agree on which items are to pass on the sale.
What are the restrictions on a landowner’s rights in the airspace above their land?
An owner’s rights in the airspace above their land are restricted to such height as is necessary for the ordinary use and enjoyment of the land and its structures. Anything that overhangs a neighbor’s land without permission is likely to be considered a trespass.