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44 Cards in this Set

  • Front
  • Back

Joint Tenancy

-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

AG Securities v Vaughan

Joint tenancy requires 4 unities
-time
-title
-interest
-possession

Tenants in common

co owners hold a distinct individual share that often reflects initial contributions.
-requires only unity of possession

ss34,30 LPA 1925

pre 1997 a trust of sale was imposed on co owners

TOLATA 1996

post 1996 trusts of land are now imposed on co-owners

s34 TA 1925

the first four names on the legal conveyance are the legal owners

s11(1) TOLATA

t's have a duty to consult all B's before exercising functions as trustees

s1(6) LPA 1925

legal title can only be held as Joint Tenants

Pink v Lawrence

where all four unities are present, an express declaration as to how the equitable title will be held will prevail

Re Pavlou

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

Cowcher

if there is no declaration, equity will follow the law and assume it is a joint tenancy-must be four unities

Payne v Webb

words of severance such as 'in equal shares' will rebut that presumption

Bull v Bull

unequal contributions to the purchase price may amount to a rebuttal of JT

Lake v Craddock

land purchased for a commercial enterprise will rebut the presumption

Re Fullers

right of survivorship is inappropriate in a commercial enterprise

Martin v Martin

where contradictions exist, it will likely be a tenancy in common

Re Carnes

severance must take place inter vivos

Williams v Hensman

JT can be severed by written notice, act operating on your share, mutual agreement, mutual conduct and homicide

Re Drapers

written notice need not be signed nor state that it is a s36 severance

Harris v Goddard

notice must convey an unequivocal and irrevocable intention to sever his interest

Nielsen Jones

notice must be served on all other Joint Tenants

a mere agreement to sell the property is ineffective as severance

s196(4) LPA 1925

severance by registered post will be effective

Kinch v Bullard

where he uses normal post he would have to prove that the notice actually arrived

Re 88 Berkley Road

severance need not be read to be effective

Brown v Raindle

total alienation-severing tenant sells or disposes of his beneficial interest-must comply with s53(1)(c) LPA 1925

Hegarty

partial alienation is where the severing tenant mortgages or leases his beneficial interest

Wright v Gibbons

severance by mutual agreement must be between all beneficial interests, can be oral or in writing

Burgess

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

Gore & Snell

mutual agreement must be fixed and non changing

Mcdonald

common intention to sever can be implied

Greenfield

co owned property was severed by mutual conduct-physically partitioning the property

Re Wilford Estate

execution of mutual wills directing where each JT's share should go will effect severance

Cleaver

t1 murdering t2 will sever the JT

Pre TOLATA trusts for sale co owners in dispute

s30 LPA 1925-courts were predisposed in favour of a sale

S14 TOLATA

a party can make a request to settle disputes, using s15 criteria

Achampang

s15 is non exhaustive, court can bear in mind other factors

Re Buchanans Wollastons

where the purpose for which property was purchased can still be fulfilled the court may be inclined not to order a sale

Challenger

a home for the couple-purpose is dead upon breaking down of the relationship, court may order a sale

Re Evers

Challenger is not applicable where there are minors to sustain/protect

Trusts of land

T's have a power, not a duty to sell

Jackson

court can order a sale

Ali

court can order a sale but postpone it

Mayes

court can refuse an order of sale

Dennis

court can refuse a sale but order occupying co owner to pay rent to a non occupier