Third Party Rights and Interests over Land + Enforceability Flashcards
Capable of Being Legal?
s. 1(1) (estates) and s.1(2) (interets) LPA’25
ie: Easement, Mortgage and Lease
Not Capable of Being Legal?
s. 1(3) LPA’25
ie: Restrictive Covenant, Estate Contract, Rights of Beneficiaries under a Trust, Option and s.30 FLA’96 (right of non-legal owning spouse or civil partner to occupy matrimonial home)
Formalities - L.Easement
s. 1(2)(a) LPA’25 - T.oY. absolute / Fee simple
s. 52(1) LPA’25 - By Deed
s. 1 LP(MP)A’89 - Deed Formalities
Created Impliedly on Sale of Part or by Prescription without need for formalities
Formalities - L.Lease
s. 52(1) LPA’25 - By Deed
s. 1 LP(MP)A’89 - Deed Formalities
Formalities - Parol Lease (Legal)
s.54(2) LPA’25 - No Formalities if it satisfies the sections conditions
<3yrs, in possession, at market rent, without a fine
Formalities - Periodic Tenancy
s.54(2) LPA’25 - No Formalities
Rent paid by reference to a period - Must be best rent - If not = Licence
Formalities - Equitable - Restrictive Covenant
Can be created by deed - s.52(1) LPA’25
Minimum requirement = s.53(1)(a) LPA’25 - Writing signed
Formalities - Equitable - Estate Contract (E.Lease, E.Easement (term certain), Contract of Sale, Option to Purchase)
s.2 LP(MP)A’89 - Writing, Signed by both Parties and Contains All the Agreed Terms
Formalities - Equitable - Trust
s. 53(1)(b) LPA’25 - Express - Writing
s. 53(2) LPA’25 - Implied - No Formalities
Formalities - Equitable - E.Easement
Term Uncertain - s.53(1)(a) LPA’25
Formalities - Equitable - Statutory - Family Law Act
s.30 FLA’96 - Married/Civil Partnership, Legal Owner still alive, Matrimonial/Civil Partnership home