After purchasing Elmtree House Georgina decides to lease part of the property, The Stables to her...
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After purchasing Elmtree House Georgina decides to lease part of the property, "The Stables" to her neighbour Maxine Baker for three years. She draws up a document which describes itself as a deed and both Georgina and Maxine sign it. However, Georgina is in a rush, and fails to get her signature witnessed. What type of interest does Maxine have: a. She has an equitable lease under the doctrine of Walsh v Lonsdale. b. She has a legal lease as it was created with the correct formalities under s.54(2) LPA 1925. c. She has no interest as the deed failed to comply with the requirements in s.1 LP(MP)A 1989. d. She has an equitable interest under s.1(3) LPA 1925 as a lease for five years cannot be a legal interest. If Maxine did have a legal lease, explain with relevant legal authority whether it would be binding on a future purchaser of Elmtree House. After purchasing Elmtree House Georgina decides to lease part of the property, "The Stables" to her neighbour Maxine Baker for three years. She draws up a document which describes itself as a deed and both Georgina and Maxine sign it. However, Georgina is in a rush, and fails to get her signature witnessed. What type of interest does Maxine have: a. She has an equitable lease under the doctrine of Walsh v Lonsdale. b. She has a legal lease as it was created with the correct formalities under s.54(2) LPA 1925. c. She has no interest as the deed failed to comply with the requirements in s.1 LP(MP)A 1989. d. She has an equitable interest under s.1(3) LPA 1925 as a lease for five years cannot be a legal interest. If Maxine did have a legal lease, explain with relevant legal authority whether it would be binding on a future purchaser of Elmtree House.
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A The accurate solution is c She has no hobby as the deed did not observe the requirements in s1 LPMPA 1989 This option is correct Section 1 of the Law of Property Miscellaneous Provisions Act 1989 LP... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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