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44 Cards in this Set
- Front
- Back
Joint Tenancy
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-co-owners hold the property as one single owner.
-Each owner has the potential to claim a separate share in equity only -there is a right of survivorship |
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AG Securities v Vaughan
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Joint tenancy requires 4 unities
-time -title -interest -possession |
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Tenants in common
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co owners hold a distinct individual share that often reflects initial contributions.
-requires only unity of possession |
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ss34,30 LPA 1925
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pre 1997 a trust of sale was imposed on co owners
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TOLATA 1996
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post 1996 trusts of land are now imposed on co-owners
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s34 TA 1925
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the first four names on the legal conveyance are the legal owners
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s11(1) TOLATA
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t's have a duty to consult all B's before exercising functions as trustees
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s1(6) LPA 1925
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legal title can only be held as Joint Tenants
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Pink v Lawrence
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where all four unities are present, an express declaration as to how the equitable title will be held will prevail
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Re Pavlou
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a Pink v Lawrence declaration will be conclusive as to the size of the interests held
bankruptcy will sever a joint tenancy where a co owner is declared bankrupt, his beneficial interest will rest in the trustee in bankruptcy |
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Cowcher
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if there is no declaration, equity will follow the law and assume it is a joint tenancy-must be four unities
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Payne v Webb
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words of severance such as 'in equal shares' will rebut that presumption
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Bull v Bull
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unequal contributions to the purchase price may amount to a rebuttal of JT
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Lake v Craddock
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land purchased for a commercial enterprise will rebut the presumption
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Re Fullers
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right of survivorship is inappropriate in a commercial enterprise
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Martin v Martin
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where contradictions exist, it will likely be a tenancy in common
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Re Carnes
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severance must take place inter vivos
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Williams v Hensman
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JT can be severed by written notice, act operating on your share, mutual agreement, mutual conduct and homicide
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Re Drapers
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written notice need not be signed nor state that it is a s36 severance
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Harris v Goddard
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notice must convey an unequivocal and irrevocable intention to sever his interest
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Nielsen Jones
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notice must be served on all other Joint Tenants
a mere agreement to sell the property is ineffective as severance |
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s196(4) LPA 1925
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severance by registered post will be effective
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Kinch v Bullard
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where he uses normal post he would have to prove that the notice actually arrived
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Re 88 Berkley Road
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severance need not be read to be effective
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Brown v Raindle
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total alienation-severing tenant sells or disposes of his beneficial interest-must comply with s53(1)(c) LPA 1925
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Hegarty
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partial alienation is where the severing tenant mortgages or leases his beneficial interest
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Wright v Gibbons
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severance by mutual agreement must be between all beneficial interests, can be oral or in writing
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Burgess
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severance need not be in a specifically enforceable contract
solid negotiations between joint tenants in relation to each other shares in the property may sever the agreement |
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Gore & Snell
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mutual agreement must be fixed and non changing
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Mcdonald
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common intention to sever can be implied
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Greenfield
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co owned property was severed by mutual conduct-physically partitioning the property
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Re Wilford Estate
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execution of mutual wills directing where each JT's share should go will effect severance
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Cleaver
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t1 murdering t2 will sever the JT
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Pre TOLATA trusts for sale co owners in dispute
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s30 LPA 1925-courts were predisposed in favour of a sale
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S14 TOLATA
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a party can make a request to settle disputes, using s15 criteria
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Achampang
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s15 is non exhaustive, court can bear in mind other factors
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Re Buchanans Wollastons
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where the purpose for which property was purchased can still be fulfilled the court may be inclined not to order a sale
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Challenger
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a home for the couple-purpose is dead upon breaking down of the relationship, court may order a sale
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Re Evers
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Challenger is not applicable where there are minors to sustain/protect
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Trusts of land
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T's have a power, not a duty to sell
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Jackson
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court can order a sale
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Ali
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court can order a sale but postpone it
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Mayes
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court can refuse an order of sale
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Dennis
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court can refuse a sale but order occupying co owner to pay rent to a non occupier
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