Nature Of Land Flashcards
What is the distinction between proprietary and personal rights?
The distinction is important for the remedy available to someone deprived of their right and the enforceability against third parties.
What is a proprietary right in land?
A proprietary right can be enforced by an action in rem, allowing recovery of use or possession of the land.
What is a personal right in land?
A personal right can only be enforced by a personal action for damages and does not allow recovery of use or occupation.
What are the rights that have proprietary status?
The rights include: freehold estate, leasehold estate, easement, mortgage, restrictive covenant, estate contract, and beneficial interest in a trust of land.
What must a right satisfy to have proprietary status?
A right must be on the fixed list of rights, comply with substantive requirements, and comply with formalities for creation.
What is an estate in land?
A proprietary right of possession is called an estate in land.
What are the two recognized legal estates?
The two recognized legal estates are the freehold and the leasehold.
What is the highest possible estate in land?
The highest possible estate is the fee simple absolute in possession, commonly referred to as the freehold estate.
What is a leasehold estate?
A leasehold estate is a term of years absolute granted by a freehold owner.
What is commonhold?
Commonhold is a type of freehold created for interdependent property owners, where a commonhold association maintains communal areas.
What are interests in land?
Interests in land are proprietary rights of limited use, giving the holder the right to do something on the land or restrict actions.
What are legal and equitable interests?
Legal interests include mortgages, easements, and rights of entry, while equitable interests include freehold covenants and estate contracts.
What is a mortgage?
A mortgage is a bundle of rights over property in exchange for a loan, allowing the lender to possess and sell the land upon default.
What is an easement?
An easement is a proprietary right to use someone else’s land for specific purposes, granted for a term equivalent to a legal estate.
What is a right of entry?
A right of entry is a legal interest allowing a landlord to re-enter leased premises upon tenant default.
What is a restrictive covenant?
A restrictive covenant is an equitable interest that imposes restrictions on land use, recognized by courts since the 1840s.
What is an estate contract?
An estate contract is a contractual right to a legal estate, enforceable in equity due to the uniqueness of land.
What is a trust of land?
A trust exists when one person holds property for the benefit of another, creating a split between legal and equitable title.
Why is the distinction between legal and equitable interests important?
It affects the remedies available for infringement and the enforcement of the interest against third parties.
Who owns all land in England and Wales?
The Crown owns all land in England and Wales.
What proprietary rights can a piece of land be subject to?
A piece of land may be subject to estates (freehold and leasehold) and interests (mortgage, easement, right of entry, restrictive covenant, interest in a trust of land, estate contract).
What are formalities in land transfer?
Formalities are the actions the owner of a freehold estate must take to transfer their land to a new owner.
Why is the degree of formality higher for land transfer compared to personal property?
The value and importance of land in society necessitate a higher degree of formality for its transfer.