Nature of Land Flashcards

1
Q

What are the rights that have proprietary status?

A

Freehold estate - right to possession
Leasehold estate - right to possession
Easement
Mortgage
Restrictive covenant
Estate contract
Beneficial interest in a trust of land

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Freehold vs. leasehold estate:

A

The freehold estate is a legal estate that lasts for an unlimited time.

The leasehold estate is a legal estate that lasts for a certain period of time.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Completion of the deed in registered/unregistered land?

A

Registered land - transfer.
Unregistered land - conveyance.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Requirements for a deed:

A

Clear on the face of the document that it is intended to be a deed.
Valid executed - signed by the seller in the presence of a witness, witness signs.
Deed must be delivered/dated.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

When does legal title transfer in registered/unregistered land?

A

In registered land - legal title does not transfer until registration.
Unregistered land - legal title transfers upon completion of the deed.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Compulsory land registration- what are the triggering events?

A

Transfer of the freehold estate by sale, gift.
Grant of a lease of more than 7 years.
Assignment of a lease of unregistered land with more than 7 years left to run.
First legal mortgage of the freehold or a leasehold with more than 7 years left to run.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Compulsory land registration- what are the triggering events?

A

Transfer of the freehold estate by sale, gift.
Grant of a lease of more than 7 years.
Assignment of a lease of unregistered land with more than 7 years left to run.
First legal mortgage of the freehold or a leasehold with more than 7 years left to run.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are the 3 registers that the Official Copies are split into?

A
  1. Property register - description of property, proprietary rights that benefit the land.
  2. Proprietorship register - ownership register, details of owner of legal estate, class of title, restrictions on owner’s ability to deal with the land e.g. mortgage.
  3. Charges register - details any burden on the land, restrictive covenants, positive covenants, easements, mortgages.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is qualified title?

A

The Land Registry is of the opinion that the title has some defects which it will then specify on the register.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is good leasehold title?

A

The Land Registry is satisfied as to the title of the leaseholder only and not the freeholder.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is possessory title?

A

Applicant is in possession of the property or in receipt of rents/profits.

Squatters rights.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What are the formalities to create a lease over 7 years?

A

Deed.
Lease must be registered.
Failure to register = an equitable lease.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What are the formalities to create a lease under 7 years?

A

Deed.
Lease does not need to be registered.
Still takes effect as a legal lease, binding as an overriding interest.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Short lease exception - conditions required for a parol lease:

A

Lease takes effect in possession (immediately);
Granted at market rent;
Not subject to a fine/premium.

Parol leases don’t need to be registered, only leases over 7 years need to be registered.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Legal interests in land:

A

A charge by way of legal mortgage;
Easements for a certain term;
Rights of entry.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Equitable interests in land:

A

Freehold covenants;
Estate contracts;
Interests in a trust of land;
Easements for an uncertain term;
Estates/interests not created formally/not registered as required.

17
Q

What is the degree of annexation test for determining whether an item is a fixture?

A

The more firmly the object is fixed to the land/building, the more likely it is to be classified as a fixture.

Presumption.

18
Q

What is the purpose of annexation test?

A

Why has the item been placed on the land? If there is an intention that the item will be a permanent addition, it will be a fixture.

Purpose of annexation test takes priority.