The nature of land

Question 1

Third party rights that don’t require to be created by deed

Answer 1

A legal easement created by prescription.

Question 2

Third party rights that require to be created by deed

Answer 2

A legal lease for a term of two years taking effect in possession at a market rent with a premium having been paid.
A legal lease for a term of five years.
A charge by way of legal mortgage
An express legal easement lasting forever.

Question 3

Conditions for a legal parole lease ( s54(2) LPA 1925.)-

Answer 3

Less than 3 years
Taking effect in possession
Paying market rent
Not paying a premium
NB: Parole lease does not need to be in writing

Question 4

Examples of equitable interests

Answer 4

Home Rights
Estate contracts
Restrictive covenants

Question 5

Interests capable of being legal (s1(2) Law of Property Act

Answer 5

Easements and profits
Rent charges and profits
Charges by way of legal mortgage
Rights of entry