Legal Estates
- Created by: Molly Byrne
- Created on: 07-12-16 20:32
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- Legal Estates
- two estates in land that are legally recognised.
- S1(1)(a) LPA 1925
- Fee Simple Absolute in Possession
- Freehold.
- S1(1)(b) LPA 1925
- Term of Years Absoluter
- Leasehold.
- Formalities
- S52 LPA 1925
- Must be created by deed.
- Must be clear that its a deed and attested.
- There is one exception to this rule.
- S54(2) LPA 1925
- A lease less than 3 years created orally or in other writing doesn't required a deed to be legal.
- Must be created by deed.
- S52 LPA 1925
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