StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Property Law and Express Trust - Essay Example

Cite this document
Summary
Whether the agreement between the Botolphs Investments and Micawber is a license or a tenancy /lease can be decided from a detailed overview of the comparison of these aspects.
A tenancy/lease is an "estate in land/buildings/property granted for a determined period of time…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.6% of users find it useful
Property Law and Express Trust
Read Text Preview

Extract of sample "Property Law and Express Trust"

Download file to see previous pages

An occupier under license has no right to remain in the property and can be removed very quickly. Here it is to be noted that the main characteristics which differentiate an agreement as lease or license are exclusive possession of the property, period of occupancy and time span of serving notices. In Radaich v Smith(1), it was decided that exclusive possession provides 'the proper touchstone' of a lease or tenancy, asserting that anything which negated an occupier's right to exclusive possession, meant no lease existed, simply a license.

The aspect of "exclusive possession of the property was explained in the recent and famous case Street Vs Mount ford (2) as" the crucial determinant of whether a lease or license exists is whether or not the person has been granted exclusive possession of premises. " In the given case, Botolphs investments gave Micawber the only the right to use the ground unit or room of the building for certain purposes, not the exclusive possession of whole building. Here, the provisions in the agreement do not confer any exclusive possession of room on Micawber.

If the agreement is lease, Micawber entitled to have possession of whole building. Moreover there can be a question arises regarding the time period of occupancy. . A license gives someone access to and the use of whatever rooms (or equipment) the owner gives them license to use, but does not give a right to use that space exclusively. An occupier under license has no right to remain in the property and can be removed very quickly. 2 Here it is to be noted that the main characteristics which differentiate an agreement as lease or license are exclusive possession of the property, period of occupancy and time span of serving notices.

In Radaich v Smith(1), it was decided that exclusive possession provides 'the proper touchstone' of a lease or tenancy, asserting that anything which negated an occupier's right to exclusive possession, meant no lease existed, simply a license. The aspect of "exclusive possession of the property was explained in the recent and famous case Street Vs Mount ford (2) as" the crucial determinant of whether a lease or license exists is whether or not the person has been granted exclusive possession of premises.

" In the given case, Botolphs investments gave Micawber the only the right to use the ground unit or room of the building for certain purposes, not the exclusive possession of whole building. Here, the provisions in the agreement do not confer any exclusive possession of room on Micawber. If the agreement is lease, Micawber entitled to have possession of whole building. Moreover there can be a question arises regarding the time period of occupancy.

Here Micawber occupied the unit in November 2002, and the occupancy will be determined as per the notice on October 2007. But

...Download file to see next pages Read More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Property Law and Express Trust Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Property Law and Express Trust Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/miscellaneous/1500086-property-law-and-express-trust
(Property Law and Express Trust Essay Example | Topics and Well Written Essays - 1000 Words)
Property Law and Express Trust Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/miscellaneous/1500086-property-law-and-express-trust.
“Property Law and Express Trust Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/miscellaneous/1500086-property-law-and-express-trust.
  • Cited: 0 times

CHECK THESE SAMPLES OF Property Law and Express Trust

Property Law - Oxley v Hiscock

This analysis is on the Oxley V Hiscock [2004] EWCA Civ 546 case that relates to property law and claims of individuals who cohabit a particular property.... This case shows the extent to which cohabitation could be considered as a condition for equally distributed shares in property being considerably important within property law and analysis of equity and trusts.... Trust law falls under the broader topic of property law and family law and relates to wills, trusts and property that are shared or distributed....
8 Pages (2000 words) Case Study

Law of express trust

Various kinds of trusts are resulting trust, Statutory or constructive trust and express trust. Express Trust: Express Trust is be made by settlor by transferring property to a trust for a valid purpose.... Therefore, the necessary ingredients for an express trust are i) The creator, the person who transfer the trust, i.... trust is an essential element of estate planning.... trust is a right created in the property by one person for the benefit of another....
4 Pages (1000 words) Case Study

The Law of Trusts

The researcher of this essay "The Law of Trusts " aims to analyze the trust.... In order for a trust to be validly created the three certainties must be present.... hellip; Having established that the three certainties need to be present to make the trust valid it is necessary to look at whether the declarations made by Margaret can be read as an intention to create a trust.... For a trust to be fully constituted the intended separation between the legal and equitable title must have occurred....
10 Pages (2500 words) Essay

Principles of Equity

This study will examine the way in which a resulting trust or a constructive trust can be created or assumed and use the facts from previous case law in this… It will also be necessary to consider the rights of a person in actual occupation and their rights to claim proprietary estoppel if they are able to prove that they have a beneficial interest in the property. Equity presumes the existence of a resulting trust in situations where the plaintiff has clearly made a contribution towards the purchase price of the property, despite the fact that they have not been entered onto the property register....
11 Pages (2750 words) Essay

Law of Property

hellip; Moreover, the general trust law principles, impose a positive obligation, on trustees, to act in the best interests of the trust, and, therefore, Deborah will have to apply to the court, for a sale of the property, which, will only be granted, if determined to be in the best interests, of the trust.... It is evident that Barbara's mortgage payments to Sunrise Lodge accounted for 30% of the overall purchase costs and as such, the proceeds of the sale of Sunrise Lodge were held on trust for Barbara under constructive trust9....
7 Pages (1750 words) Term Paper

Analysis of Trust Law Cases

The author of the "Analysis of trust Law Cases" paper states that the major issues that may arise in the analyzed case would be the lack of satisfaction of formality requirements, which could render the trust created by Sally's letter as an improper trust.... nbsp; Oral dispositions of trust will be voided, both in the case of land as well as equitable interests.... Therefore Sally's oral communication with Tom and Tina about her intention to set up a trust for her children may not be held to be valid....
6 Pages (1500 words) Case Study

Analysis of the Law of Trust Cases

The author of the paper analyzes the trust Law cases and states that in a typical case the objects will refer to the beneficiaries under the trust, the trust property is the subject and intention refers to the trust founder's intention to create a trust.... nbsp;… Whether or not each of the transactions involving the Rosehall villa and the shares in Marks and Spencer represent a valid declaration of trust will fall to be determined by the formal requirements for the creation of trusts....
9 Pages (2250 words) Case Study

The Basis of Trust and Equity

n the creation of an express trust, there is a relationship created between the settlor, trustee, and the beneficiary.... n case of an express trust, it is unconscionable for the legal owner to carry out the intended purposes of the property vested by the settlor.... The paper "The Basis of trust and Equity" describes that the settlor has to put it in writing though he may not disclose all the contents of the written will.... Basis of trust and equity is concerned with regulation of the conscience where the individual's common law might allow the individual to act unconscionably though in accordance with the letter of the law....
6 Pages (1500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us