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These flashcards cover key concepts, terms, and definitions related to land law as outlined in the lecture notes.
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Land law
Focuses on the creation, transfer, operation, and termination of rights and interests in land.
Legal Estates
Defined by the Law of Property Act 1925, they include freehold and leasehold rights.
Freehold
Represents unlimited rights to use and control land, allowing possession indefinitely.
Leasehold
Refers to time-limited rights to possess land, often created through agreements for a specific term.
Land Registration Act 2002
Transitioned from deed-based to registration-based land conveyancing for enhanced transparency.
Derivative Acquisition
Involves acquiring rights from an existing owner, typically through conveyancing.
Original Acquisition
Rights created independently of any previous ownership, like in cases of adverse possession.
Minor Interests
Subordinate rights that coexist with primary estates, influencing land use and ownership.
Co-Ownership
Situation where two or more individuals share ownership rights, often organized through trusts.
Trusts of Land and Appointment of Trustees Act 1996
Legislation governing the operation of trusts concerning land.
Joint Tenancy
Co-ownership arrangement where owners have equal shares with rights of survivorship.
Tenancy in Common
Co-ownership where each owner has distinct shares and independently can transfer their share.
Economic perspective of land law
Focus on concerns in land and housing markets.
Social perspective of land law
Rights that determine residency in specific areas.
Political perspective of land law
Focus on who holds power over land and its usage.
Ecological perspective of land law
Questions whether land is viewed as an exploitation resource or as a responsibility.
Equitable interests
Rights arising from fairness principles, enforceable in equity, contrasting legal interests.