Trusts of Land and Co-Ownership Flashcards
How should a trust of land answer start?
“When land is co-owned it gives rise to a statutory trust of land” Section 36 PA 1925
Legal title is always held on a joint tenancy. Which Section of which Act?
Section 1(6) LPA 1925
The maximum number of trustees of land is 4. Which Section of which Act?
Section 34(2) LPA 1925
Joint tenancies run on survivorship. Which case?
Gould v Kemp
In a tenancy in common owners have separate but undivided shares. Which case?
Fisher v Wiggs
What are the four tests to see if there is a tenancy in common or a joint tenancy at equity?
- Four unities
- Express wording
- Words of severance
- Equity presumes a tenancy in common
What are the four unities?
- Possession
- Interest
- Time
- Title
Express wording will be binding and conclusive. Which case?
Goodman v Gallant
Words of severance (“equally”; “between”; “amongst”) will be binding and conclusive. Which case?
Robertson v Fraser
Equity presumes a tenancy in common in which situations?
- Unequal purchase prices
2. Partnership or business property
Severance of a joint legal title is prohibited. Which section of which Act?
Section 36(2) LPA 1925
What are the four ways that a joint tenancy can be severed?
- Notice
- Alienation
- Mutual agreement
- Course of dealings
Severance by notice must show the intention to sever immediately, not at a later date. Which case?
Harris v Goddard
Notice will be effective if it is delivered to to the last known place of business. Which Section of which Act?
196(3)
Notice will be effective even if the recipient does not get the notice. Which case?
Kinch v Bullard