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property
a bundle of rights relating to something,
- the extent and nature of these rights dictate the extent and nature of one’s property
real property
term used to describe the rights held in freehold in relation to land, or things attached to land
- defined by application of the maxim superficies solo credit, or, "that which is attached to the land becomes part of the land"
personal property
rights in relation to things and leasehold rights (known as ‘chattels real’) in relation to land and things attached to land
tangible rights
described as corporeal, or rights with physical substance
intangible rights
described as incorporeal, or rights without physical substance
- can allow for a right of physical exercise over the land of another (e.g. right of way)
ownership
the owner of something is the person who acquires the right to control the thing that is owned
- two relationship: with the thing owned, with the rest of the world in relation to the thing owned
possession
the right to use and enjoy the thing being possessed
land (LCLRA)
(a) any estate or interest in or over land, whether corporeal or incorporeal,
(b) mines, minerals and other substances in the substratum below the surface, whether
or not owned in horizontal, vertical or other layers apart from the surface of the
land,
(c) land covered by water,
(d) buildings or structures of any kind on land and any part of them, whether the division is made horizontally, vertically or in any other way,
(e) the airspace above the surface of land or above any building or structure on land which is capable of being or was previously occupied by a building or structure and any part of such airspace, whether the division is made horizontally, vertically or in any other way,
(1) any part of land.
title
one’s legal ‘entitlement’ to property
- the collection of documents used within a conveyancing process In this way title can be taken to mean the collection of documents used within a conveyancing process to make out the vendor's entitlement to transact in the proposed manner and to show the extent to which any third parties might have rights in relation to the land.
tenure
the basis upon which one person might be said to hold land from- or ‘under’ another
estate
the length of time for which someone will be said to have rights in relation to land
feudalism
a matrix of military and legal relationships that existed within the nobility of the Middle Ages and were concerned, in particular, with how military and legal obligations were bound up with landowning, landholding and the transfer of land.
alienation
the technical term used for transfer of rights over land
freehold estate LCLRA
means fee simple in possession and includes:
determinable fee, fee simple subject to a right of entry or re-entry, fee simple subject to power of revocation, annuity or other payment, or a right of residence which is not an exclusive right over the whole land
core characteristic of freehold estate
it is free from obligations and ties
determinable fee simple
is a transfer of a freehold estate that is made subject to the continuation of some state of affairs (until, while, for as long as)
a determinable fee simple reverts to grantor?
automatically, when the state of affairs comes to an end
Corrigan v Corrigan
determinable fee. determining event needs to be clear.
conditional fee simple
grant of fee subject to condition precedent or subsequent
conditional fee simple, grantor
can re-take possession if condition not fulfilled
conditional fee simple does not
automatically revert to grantor
in conditional fee simple the law leans in favour of
conditions subsequent
why does the law lean in favour of conditions subsequent?
freedom of alienation
what are the limits on conditions in conditional fee simple?
alienability, certainty, public policy
Re McDonnell
property transferred subject to condition that child behaved well and didn’t transfer land outside of family. restriction on alienability, condition found void.
Re Dunne
passing of property not to Meredith family. void- public policy and uncertainty
Re Burke’s Estate
void for uncertainty, residency requirement. conditions of religion invalid.
life estate (no longer valid)
a grant to the right to enjoy piece of land for duration of a person’s life. now only equitable.
fee tail (no longer valid)
designed to provide that the land stayed in the same family
if you draft attempting to create fee tail
it will be converted into fee simple
hybrid estates
contain features of freehold and leasehold estates
leases for lives perpetually renewable
creates fee simple in favour of grantee
essentially indefinite, could renew lives
leases for lives combined with term of years
grant of freehold estate but subject to a landlord tenant relationship
converted to fee simple
fee farm grants
abolished prospectively, converted into fee simple