Introduction To Land Law Flashcards
(49 cards)
What is a freehold estate?
A freehold estate is an estate in land of unlimited duration.
What is the key point about freehold estates
Freehold estates are considered the ‘highest’ form of ownership in English law.
What is a leasehold estate?
A leasehold estate is a property right arising from the consensual grant of exclusive possession for a limited duration.
What is a mortgage?
A mortgage is an interest arising as security for a debt, typically involving land as security for a loan.
What is an easement
An easement is a limited right to use another’s property or prevent certain uses.
- Can you provide an example of an easement?
*
Answer: An example of an easement is a right of way across a neighbor’s land.
What is a profit?
: A profit is a right to take resources from another’s land, such as fishing or hunting.
In which act is proft a Pendre included
Profit is included in the Law of Property Act 1925, Section 1(2)
What is a freehold covenant?
A freehold covenant is a covenant limiting the use of servient land without requiring expenditure.
What is a leasehold covenant?
A leasehold covenant is an obligation contained in a lease agreement.
What is a right of pre-emption?
A right of pre-emption is the right for a purchaser to buy property before others at a pre-agreed price.
Where is the right of pre-emption included?
It is included in the Law of Property Act 1925, Section 62.
What is a rentcharge?
A rentcharge is the right to receive income from the owner of a freehold estate in land.
What are rights of re-entry?
Rights of re-entry are the right of a landlord to terminate a lease or bring about forfeiture.
What is equity arising by estoppel?
It is a property right arising in response to estoppel, extinguished upon crystallization.
What is interest under a trust of land?
It is a right relating to a freehold or leasehold estate that holds the legal owner to account.
What is the principle of certainty?
Definition: Refers to the need for clarity and predictability in land law to enable effective planning and management of assets.
* Components: Formal certainty (clear and unambiguous rules), moral certainty (aligning legal definitions with common understanding), accessibility of rules.
Why is certainty in land law crucial?
It is crucial for commercial mortgagees and homeowners.
What is the principle of sensitivity to context?
Definition: Acknowledges the importance of considering the specific circumstances and relationships involved in land transactions.
* Components: Consideration of the nature of the land, parties’ relationship, and transaction purpose.
What does flexibility in land law depend on?
It depends on context, including domestic vs. commercial.
What is the principle of transactability?
Definition: Addresses the ease and cost-effectiveness of transferring land rights, emphasizing the balance between static and dynamic security.
* Components: Costs associated with transfers, prioritization of dynamic security over static security.
What is the principle of systematic and individual effects?
Definition: Recognizes the dual impact of legal changes in land law: individual effects on immediate parties and systemic effects on the legal framework.
* Components: Consideration of both individual disputes and broader implications for legal precedent.
What is the principle of recognition of social effects of rules?
Definition: Highlights the importance of balancing market interests with individual and societal needs, particularly under the lens of human rights.
* Components: Awareness of societal implications and the evolving role of human rights in shaping land law.
What is the distinction between legal and equitable rights?
Legal rights are inherently binding to 3rd parties, require compliance with formality rules, and more ridgid.
Equitable rights require less formality and are more flexible, but there must exist certain conditions for these rights to burden 3rd parties