Sunday, May 5, 2019

Land Law Question Essay Example | Topics and Well Written Essays - 1000 words

Land Law Question - Essay lawsuitAs per UK law there are two sorts of reason a) registered and b) unregistered. Each has its own rules and regulations with regard to treansfer of land from one hand to another hand besides enforcement of third party copy salutaryed interests1. The Land allowance Act 2002 which is in vogue came into being on October 13th 2003. New Act has more lacuna for a) number of titles b) over riding interest and c) electronic conveyancing. This has simplified the land transfer system. Hence, buyer need not to worry about the vendors entitlement to deal with the property2. Unlike unregistered land where the purchasor inevitably to go through the register himself in order to find out whether third party proprietary interest is binding or not. Kinds of conducts The basic leases are four in numbers a) Gross Lease b) Full Service Lease c) Gross Industrial Lease and d) Triple Net Lease. Each landlord has to go down which lease is best suited to him. It is the duty of the attorney to let his clientle (tenant) know which lease is beneficial to him. In commercial type of real estate lease, interest of stakeholders (Landlord and the Tenant) is ensured. It would be in the best interest of mentioned parties if they chose right type of lease3. Tenancy Agreement In accordance with the Landlord and Tenant Law of UK, tenancy conformity is an concordance that executes between the landlord and the tenant for renting out the premises. By all means, it is a legal contract. It stomach be in two ways, oral or written. However, the written agreement is more viable option for twain the stakeholders, i.e. landlord and the tenant since it provides more concrete evidence and binding in basis of law4. Yes, some of the tenancy landmarks are implied even if they are not inversely agreed upon. Implied terms indicate rights, obligations and the protective clauses in line with the Residential Tenancies Act currently enforced. The Residential Tenancies Act f ully protects the rights of the tenant. If the tenancy agreement includes something mutually agreed upon by the landlord and the tenant, which is not allowed by the said Act, would be binding for either party to stick with with it5. Sometimes people are a little bit confused with regard to the meaning of intelligence agency lease. In fact, the mentioned word refers to the fixed term, say one year or more tenure. This is incorrect. It can be on a month-to-month or week-to-week basis. In order to avoid confusion, the term lease is not used frequently in such transaction. However, in the larger interest of the landlord and the tenant, the term tenancy agreement can be used for the rented property6. Fixed Term Tenancy In a fixed term tenancy, the tenant agrees to have the premises for a certain extremity of time against mutually agreed substance of rent and the security deposit. Under the mentioned situation, if the decimal point of time ends, the tenancy agreement ends automatical ly. Here, no notice is unavoidable to serve by either party until and unless it was specifically incorporated in the tenancy agreement. If the notice period was incorporated in the said agreement, either party is bound to serve the notice tallyly. After the endpoint of the fixed term of tenancy, if the tenant does not vacate the rented premises, the tenancy agreement turns into periodic tenancy agreement, according to which, the tenant has to pay the rent as desired by the landlord. Once a tenancy period starts, it

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