Does anyone know whether these rights will bind a purchaser or not? It seems to me the second one won't since it is an equitable easement.
Laurence, a neighbouring farmer, is in possession of a seven-year lease, granted to him by Paris two years ago, to one of the outbuildings, in which he has been storing corn and hay. This lease contains an option to buy the freehold of the outbuilding at any time within the next five years at full market price.
John, another farmer, tells Montague’s solicitor that he has an equitable easement, which entitles him to the use of a footpath running from his property to the main road, crossing through part of the grounds of ‘Capulet House’.
Rosaline, Paris’s girlfriend, who has always lived with him in ‘Capulet House’, is very much opposed to the sale as she believes that old houses and estates should be preserved. Rosaline tells Montague’s solicitor that she provided 20% of the purchase price when Paris bought the property. Two years ago, she and Paris moved into a small cottage in the grounds of ‘Capulet House’. Rosaline considers the cottage her home though she and Paris now spend a good deal of their time in Italy, where they have a holiday villa.
Land Law Undergraduate Help!!
|Why bother with a post grad? Are they even worth it? Have your say!||26-10-2016|