Nature Of Land Flashcards
What are the two types of right inland?
Estates and interests
What will make a right legal
If it appears in the land and property act 1925, and meets the necessary formalities
What are the two types of Estates and land that are capable of being legal?
The estate in feesimple absolute in possession (freehold)
And the term of years absolute (leasehold)
What is an estate in land?
It is a period of time - a person owning an estate can create out of it, unless a state or shorter period of time. For example, a freehold owner can create a lease.
What happens if a freehold owner dies with no will Asda inherited
The property reverts to the crown
Can a lease be said to last forever
No
How is a lease created?
Elise is created by carving out a superior interest, such as a freehold or or longer lease
It is therefore possible to have more than one estate in relation to the same parcel of land - they can be a freehold estate and leasehold estate
What does exclusive possession mean in the definition of a leasehold?
Exclusive possession means the ability for the tenant to control the land and exclude everyone from the land, including the landlord
Which interest in land are capable of being legal
- easements and profits
- Rent charges
-charges by way of legal mortgage - Interest in land with your rise by operation of statute
-Right of entry
What is a profit?
A profit is a right to go on someone else’s land, and take from that land, something which exists naturally, for example, a right to fish, or a right to graze cattle
What is the time in requirement for an easement or a profit to be legal?
Only easements and profits, lasting forever, or for a fixturisation are capable of being legal - easements or profits for an uncertain duration, or not capable of being legal
What are the two tests used to decide if an object on land is a chattel or a fixture?
- The degree of annexation test - hi family affixed is the object to the land - if an object cannot be removed without causing significant damage to the land, this indicates that it is a fixture, such as a fireplace or conservatory or panelling
- The purpose of annexation test - why has the object been attached to the land- this is the key test and takes priority over annexation
If the object was attached to the land to enhance the land or to create a permanent improvement, then it is a fixture, if the object was attached to the land for better enjoyment of the object, or a temporary increase in the value of the land, then it retains its characteristic as a chattel
Who has the burden of proof in relation to the purpose of annexation test in deciding if something is a chattel or fixture?
The onus of proof is on the person claiming that the object has ceased to be a chattel
What if there is an argument based on an item attached to the land forms part of the land, architectural design?
Tapestries fixed into panelled walls, pictures, marble, races, and garden, ornaments, or how to be fixtures, despite their ease of removal, because the items were part of an overall architectural design of the land
What does the destruction exception mean in terms of chattels versus fixtures?
If something is easy to move, but it could not be moved without destruction. This would suggest that it is a fixture.- such as a dilapidated greenhouse that is likely to fall to bits of moved
What is a profit?
Alright to go on somebody else’s land and take from the land something which exists naturally, for example, a right to fish or a ride to graze cattle
What are the timing requirements for an easement or profit if these are going to be legal in nature
Only easements and profits, lasting forever, or for a fixed duration are capable of being legal - easements or profits for an uncertain duration is not capable of being legal (such as for life)
What is a rent charge and what are the timing requirements for it to be capable of being legal in nature?
Aaron charges are right to receive a periodic payments charged on the land. They are uncommon and rent charges only capable of being legal. If they are perpetual meaning, forever, or for a time of year is absolute, which means for a fixed duration.
What is a charge by way of legal mortgage
The bar, where is the mortgage are as they create the mortgage, and the lander is the mortgagee as they have the benefits of the mortgage
What are the most significant Waze equitable property rights can be created
Whilst only certain property rights can be legal, all property rights are capable of being equitable, and these are the way to create an equitable property right
Buy contract to create a transfer illegal is theatre interest
Buy trying to grant legal estate or interest, but failing to comply with relevant formalities
Buy expressed trust
Buy implied trust
Play grant of an estate or interest which can only exist in equity
Buy grant of an estate, their interest by a person who owns only an equitable right
What is the defining characteristic of a trust of land?
The defining characteristic of the trust is it, the legal title to the property is separated from the equitable interest
The person holding the legal title is known as the trustee the person who is entitled to enjoy. The benefits is known as the beneficiary. The trustees in the beneficiaries can be the same or different people.
What happens in a resulting trust of land
A person who is not a legal owner contribute directly to the purchase price of the property, and the person acquires an interest proportionate to their contribution
What happens in a constructive trust of land?
An interest in land is created when a person has not the legal owner makes a contribution to the property other than a direct financial contribution. At the time of purchase. This can include contributing to the mortgage payments are making substantial improvements to the property, unlike a resulting trustee interest will not be proportionate to their contributions made by quantify, taking into account the parties conduct, the direct non-direct financial contributions and any non-financial contributions.