land chapter 2
TRANSCRIPT
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2/4/2014 Land Chapter 2
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Land Chapter 2 slides
Slide 1 : The 1925 reforms and unregistered landlaw
The 1925 reforms and unregistered land law
Subject Guide Chapter 2
Claire de Than
Slide 2 : 2. introduction
1925: key statutory reforms to English land law
All land in England and Wales is either
unregistered title land orregistered title land
Most land is now registered title
but you need to know the rules for both categories
The distinction between the two categories is of great importance
Keep notes separate
Slide 3 : 3. learning outcomes
Learning Outcomes
At the end of chapter 2 and assigned reading students should be able to:
Explain the meaning and nature of overreachingExplain the operation of the system of land charges registration in unregistered title landDescribe how the 1925 reforms have attempted to simplify conveyancing, and the extentto which they succeededDecide whether third party rights are enforceable against a purchaser of unregistered titleland
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Slide 4 : 4. aims and policy of the 1925 legislation
SG 2:1 - history and reasons behind 1925 reforms
Aims of legislation:
simplify conveyancing;rationalize existing law
Legislation tries to protect purchasers of land from hidden third party rights and toprovide mechanisms to protect third party rights.
Unregistered title land likely to continue to exist for foreseeable future
Slide 5 : 5. reduction in the number of legalestates
Historically: many forms of legal estates and interests
Now, LPA 1925 s.1(1), only two legal estates in land:
Fee simple absolute in possession
and
Term of years absolute
LPA 1925 s.1(2) lists potential legal interests in land
Any other right must be equitable.
Important distinction
legal rights bind worldequitable rights are generally vulnerable unless protected
Slide 6 : 6. extension of the system ofoverreaching
2.2: Key concept in 1925 legislation that equitable interests should be eitherREGISTRABLE or OVERREACHABLE
Generally
commercial = registrable
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family = overreachable
Overreaching
equitable interest attaches to purchase money on sale of landgreat advantage for purchasers
Slide 7 : 7. introduction of system of land chargesregistration
2.3: protection of commercial interests in land via land charges
Replacement of complex notice rules of old law:
equitable interests bound everyone except bona fide purchaser for value of legal estatewithout notice
Land Charges Acts 1925 and 1972: Land Charges Register
Most important land charges: next slide
Slide 8 : 8. registration continued
Puisne mortgage C(i)
General equitable charge C(iii)
Estate contract C(iv)
Restrictive covenant D(ii)
Equitable easement D(iii)
Spouses/civil partners right of occupation F
Must be registered against name of estate holder
Note problems with system
Unregistered charges void against:
purchaser of legal estate for money or moneys worth C(iv), D(ii), D(iii))purchaser for value of any interest C(i), C(iii), F
Subject Guide 2.3
Activities 2.1 and 2.2
Midlank Bank v Green (1981)
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2000-2013 University of London
Slide 9 : 9. the doctrine of notice
Some equitable interests in unregistered title land are neither registrable noroverreachable, so remain subject to doctrine of notice
List of such interests at 2.4 of subject guide
Changes in society have expanded category
Types of notice:
actual;imputed;constructive
Read Kingsnorth v Tizzard (Activity 2.3) Activity 2.4
Slide 10 : 10. sample examination question
End of chapter question is a partial question
Any question could include unregistered title land, so you must study and revise its rules
Slide 11 : 12. about me
Claire de Than, Senior Lecturer and Director of the LLB at City Law School, London, is theauthor of the Subject Guide and online materials for Land Law