Nature of Land Flashcards
Can individuals own land?
No. Individuals own rights in land - most importantly the right to possess and use the land.
What is modern land law the study of?
The study of proprietary (or property) rights in the land and the responsibilities and duties in land related relationships
What are the main statutes?
Law of Property Act 1925 and Land Registration Act 2002.
What are the damages available for proprietary rights?
The holder of the right can recover their right to use or possess the land. They do not have to settle for damages if they are deprived of their right.
The distinction between proprietary and personal rights is important in the context of:
- The remedy available to someone who is deprived of their right; and
- Enforceability of it against a third party
Can a proprietary right be enforced against third parties?
Yes, if registered.
Can personal rights be enforced against third parties?
No, personal rights will only bind the original parties to the right.
Which rights have a proprietary status?
- Freehold estate
- Leasehold estate
- An easement
- A mortgage
- A restrictive covenant
- An estate contract
- A beneficial interest in a trust of land.
What are the steps in determining the status of a right in land?
- Is the right on the list of recognised proprietary rights in land?
- Nature of a right: Does it satisfy any substantive characteristics for the particular proprietary right?
- Creation of a right: Has it been created/acquired in accordance with the formalities for the particular right?
- If a right is proprietary, is it enforceable against a third party?
What is the technical name for freehold estate?
Fee simple absolute in possession
What is the technical name for a leasehold estate?
Terms of years absolute
What happens to a freehold estate if the owner dies with no next of kin or will?
The estate reverts to the Crown
What is the residue of the estate after the granting of a lease called?
Freehold reversion
What is commonhold?
A type of freehold.
What are interests in land?
Proprietary rights with a more limited use
What are legal interests over land
LPA s1(2):
1. Easements
2. Mortgages
3. Rights of entry - forfeiture clause
What are equitable interests?
Restrictive covenants; estate contracts; interests in a trust of land
What is an easement?
A proprietary right to use land which belongs to somebody else. An easement must be granted for a term equivalent to one of the legal estates to be a legal easement.
What is an estate contract?
A contractual right to a legal estate, whether freehold or leasehold.
Why is the distinction between legal and equitable interests important?
The remedies are different and so is enforcement of these interests.
What are the three stages of sale of a freehold
- Exchange of contracts
- Completion of the deed
- Registration
What are the requirements of a valid land contract?
- Must be in writing;
- Must contain all the expressly agreed terms; and
- It must be signed by both parties.