CILEX Land Law and Conveyance

  1. What is Co-Ownership?
    —Property owned by more than one person

    —Legal Title held by two/more persons

    —All Parties that co-own property=

    -Right to enjoyment + possession of property

    Most Common types:

    • Joint Tenants
    • Tenants in Common
  2. Estates
    • Estate = time period during which and interest in land my be held by its owner.
    • Freehold estates are those involving ownership
    • Leasehold estates are those involving tenants.
  3. Fee Simple
    • Potential to last forever. It will only come to an end when the person possessed of the fee simple estate dies and there is no successor.
    • Succession Act s. 94 - State is the ultimate successor to a person’s property
    • Free to use and enjoy the land as he pleases UNLESS modified.
  4. Life Estate
    • smallest type of freehold estate
    • Not inheritable
    • Length is determined by the life of the person in possession or the life of another person.
    • One is an estate for the duration of the person to whom it is granted, i.e. the life tenant himself
    • The other is an estate for the life of another person, i.e. an estate pur autre vie.
    • Cestui qui vie.Cestui qui use
  5. Leasehold Estates
    • A leasehold estate is an estate in which the lessee or tenant holds a temporary rights to the land or property, given by a lessor or landlord.
    • The relationship between landlords and tenants is essentially a contractual one.
    • Leases are now recognised as creating a distinct estate. The landlord retains ownership and control and the tenant has possession and enjoyment of the property.
  6. Joint Tenancy
    —Where one co-owner dies, surviving co-owners automatically share the whole land

    —Joint tenancy cannot be left by will

    —Common law presumes joint tenancy

    —Common law prefers joint tenancy (more favourable + less fractious)

    —Two important characteristics:

    • 1.Right of Survivorship
    • Four unities present
  7. Joint Tenancy - Points
    • Joint tenancy can sell - if one party sells then the contract becomes a Tenancy in Common and Joint Tenancy is ceased
    • If there is an unlawful killing then the surviving tenant forfeits the right of survivorship
  8. The Four Unities
    • Possession
    • Interest
    • Title
    • Time
  9. Possession -Key Points
    • Each co-owner entitled to possession of all property
    • Land must not be divided
    • Each Co Owner entitled to whole of land
  10. Interest - Key Points
    • All joint tenants must have same/identical interest in land
    • Must all hold same tenure (freehold interest/leasehold interest)
    • Must all hold same estate in land (fee simple/life estate)
    • Principle is not breached- one joint tenant hold additional interest in land, created at/before creation of joint tenancy
  11. Title - Key Points
    • Must acquire interest by same title (same deed/will/act of adverse possession)
    • Must derive their title from same document or transaction
  12. Time - Key Points
    Joint tenants interest must vest (in the person) at the same time
  13. Tenancy in Common
    • Tenancy in common exists when there is no right of survivorship
    • —Tenants in common can hold different interests in land
    • —Tenants in common hold shares of ownership
    • —Each entitled to possession of entirety of land
    • —Share of land of each tenant in common, passes on his death to his devisee/legatee under will/person entitled under intestacy (if no will)
Author
DH1980
ID
341424
Card Set
CILEX Land Law and Conveyance
Description
Land Law and Conveyancing Exam Notes
Updated