Lpa 1925 s 11 - Study guides, Revision notes & Summaries

Preparation for completion Buyer's Solicitor 1. Draft the transfer - The Transfer correct answers - A type of purchase deed (LPA 1925 S. 52, the Transfer must be in the form of a deed) - Drafted by Buyer after exchange of contracts and sends it to Seller's solicitor for approval - [SCPC 6.3.2/SCS 4.3.2] - Form used for a transfer of the property correct answers - TR1, form used for a transfer of the whole of a registered land. - TP1, transfer part - TR5, transfer of a portfol...

PLP SGS 8 – Repair, Insurance and L’s Remedies Advantages of leases Lease rather than buying a freehold: cash-flow – buying freehold is really expensive flexibility – committed for a defined period of time Agreement for lease – some reason why the premises can't be leased straight away Tenant contractually obliged to enter into the lease once the condition has been satisfied Lease rather than the freehold: Tenant not having the capital, flexibility in case the business does w...

Land Law LPA 1925 s. 1(1) - Answer-Definitions of the 2 legal estates: (a) "estate in fee simple absolute in possession" (freehold estate) (b) "a term of years absolute" (leasehold estate) Entick V Carrington quote - Answer-"Our law holds the property of every man so sacred, that no man can set foot on his neighbour's close without his leave" Lord Cairns in Pugh v Heath 1882 - Answer-"is now not a court of law or a court of equity, it is a court of complete jurisdiction" L...

Security • Security: Assets, Perfection, Priority • Security: Legal Risks • Debentures, Enforcement, Discharge SECURITY: ASSETS, PERFECTION, PRIORITY.................................................................................... 3 WHAT IS SECURITY?.......................................................................................................................................... 3 WHY MIGHT A LENDER REQUIRE SECURITY?.............................................................