100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Leases and Licences $6.44   Add to cart

Study guide

Leases and Licences

 37 views  1 purchase
  • Course
  • Institution

Comprehensive textbook, lecture and academic notes on Topics in English Land Law. Includes key cases, analysis of the law, academic criticism and my own comments. Got me a 1st

Preview 1 out of 21  pages

  • June 21, 2019
  • 21
  • 2018/2019
  • Study guide
avatar-seller
9 – LEASES and LICENCES

Leases

Introduction

Legal Nature of Leases

Leases were originally merely a personal action against the lessor (not an estate in land), but LPA 1925 s
1 confirms “a term of years absolute” is a legal estate in land. Leases can be dealt with as property.

Leases are a continuing contractual relationship between landlord and tenant – there are rights and
obligations outstanding on both sides. This means leases are simultaneously property and contracts.

We cannot simply treat leases as contracts – eg. there may be issues where the landlord and
tenant are assignees, meaning no contract is between them.

Leaseholders may be protected via statute.

During 20th c, statutory protections were extensive (Rent Act 1977 imposed rent control, often
below market; sometimes tenants were given security of tenure and rights of succession for
their heirs to take over the will without contractual provision).

However, Housing Acts 1988 and 1996 phased out these protections. There is still statutory
control for public tenancies. Even though tenants are no longer so well-protected, the fact that
they were has impacted the law on leases (parties developed avenues to avoid granting leases).

Both the leasehold title and freehold title can be sold during the lease.

Varieties of Leasehold Arrangements

Leases can vary by length of term (can be hours or years), whether rent or a premium is payable by the
tenant, the context (residential, business, agricultural), the covenants in the lease, and the extent of
property included in the lease (can be a room or several acres).

Policy concerns

1. Justification for leases as proprietary: leases are fragmented ownership (no one fully owns
during lease), which can be problematic for marketability; however, because leases expire
eventually, the landlord’s interest can be sold during the lease, and the landlord gains rental
income for the duration, it is more useful to give leases proprietary status

2. Tension between the lease as contract and property

3. Should the law seek to control the landlord-tenant relationship? Almost 1/3 of the population in
the UK rent their homes, which means we need a good market to provide choice for renters,
meet social need for those who can’t afford to buy, increase flexibility in accommodation and

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller edwardasmith. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $6.44. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$6.44  1x  sold
  • (0)
  Add to cart