Leases and Licences 2-3

Introduction
I. Terminology
II. Essential characteristics of a lease
1. A. Consideration or deed (contract-based)
2. B. 'Intention to create a tenancy' (contract-based)
3. C. Exclusive possession
  1. 1. No exclusive possession: licence
  2. 2. Exclusive possession referable to some other relationship: licence
4. D. 'A term certain'
III. Granting a legal lease
1. A. Is a deed required?
  1. 1. Leases within s.54(2) LPA 1925 ('the short lease exception')
  2. 2. Leases not within s.54(2) LPA 1925:
2. B. Is registration required?
  1. 1. Leases not within s.27(2)(b) LRA 2002
  2. 2. Leases not within s.27(2)(b) LRA 2002
IV. 'Assigning' (transferring) a legal lease
1. A. Always requires a deed
2. B. If lease already registered, registration of transfer always required
V. Legal and equitable leases and third parties
1. A. Legal leases
2. B. Equitable leases
  1. 1. Creation of equitable leases
  2. 2. Protection of equitable leases
VI. Leasehold covenants and forfeiture
1. A. Transmission of leasehold covenants
2. B. Forfeiture for breach of covenant ('right of entry')
Postscript: Rectification of the register and leases

Resource summary

	Created by Nathan Vandy almost 11 years ago