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9 Cards in this Set
- Front
- Back
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What is the most common type of land ownership? |
Freehold |
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Sold with vacant possession means property not subject to which 3 things? |
Leases/tenancies/ other occupational rights |
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Commonhold is.. |
Where people own the indefinite freehold of their flat within a block or house within an estate Such a flat or house would be called a unit |
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Where does the concept of the Crown owning all the land originate from? |
William l Ie: william the conqueror, who claimed he owned all the land after conquering it in 1066 |
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Landholders own their land ultimately from... And, what is this principle known as? |
The Crown Known as the doctrine of tenure |
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Because all land owned by the Crown, it is only what two things that are separate from the land that can be owned or transferred? |
Estates and Interests |
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s1 (1) Law of Property Act 1925: What is the longer name for: Freehold Leasehold |
Freehold = fee simple absolute in possession Leasehold = term of years absolute |
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In regards to freehold land, breakdown the meaning of: Fee simple: & Absolute: |
Fee simple is the highest form of estate. Meaning you hold the property from the Crown for ever. Absolute means without any conditions. Ie: wont terminate upon certsin event happening. |
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Freehold means the owner is entitled to: Everything above and below the land And can do what they want with the land But: name 2 things which limit this freedom... |
1. Town and Countrt Planning Acts 2. The Crown rights in land |
