Statute Flashcards
s.1(1) LPA 1925?
The only estates in land are fee simple and term of years absolute
s.1(2) LPA 1925?
Interests at law that can be conveyed
What are the legal interests of interest to us in s.1(2) LPA 1925?
Legal easements; charge by way of legal mortgage
s.1(3) LPA 1925?
All non-legal interests are equitable interests
s.34(2) LPA 1925?
Four trustees on legal estate max
What are equitable interests in land from s.1(3) LPA 1925?
Beneficial interests under a trust, estate contracts, interests under 1(2) LPA that don’t comply with formalities of a legal interest, restrictive freehold covenants
s.36(1) LPA 1925?
A legal estate is held in joint tenancy, but you can be tenants in common beneficially
s.36(2) LPA 1925?
You can’t sever joint tenancy of a legal estate
Definition of formal severance
s.34 and s.36 LPA 1925?
Implied trusts - if more than one person holds land, a trust is automatically imposed
s.52(1) LPA 1925?
All conveyances of land (including leases and assignments of leases) must be made by deed
s.53 LPA 1925?
Express trusts - trsuts relating to land must be manifested/proved by writing and signed
s54(2) LPA 1925
Formalities for short leases
s.77 LPA 1925
Covenant to indemnify implied in assignment of unregistered title
s.79 LPA 1925
Continuing liability in leasehold covenants
s.146 LPA 1925
Notice for forfeiture based on breach other than non-payment of rent