Acquisition and Priorities Flashcards
(3 cards)
1
Q
When do you not need a deed?
A
Short Legal Leases s54(2) LPA
less than 3 years
at market rate
takes possession immediately
2
Q
when can equity intervene
A
Doctrine of anticipation: complies with doctrine in walsh v lonsdale: ‘Equity looks on as done that which ought to be done’
3
Q
what is actual occupation?
A
1) Property right
2) AO - Baker v Craggs (Claimant in actual occupation of land at time of later sale — but not obvious, so did not bind) Rosset (physcial prescence not neccessary), Thompson (no AO if not living at moment).
3) Knowledge + Discoverable
4) No inquiry, cannot lie.