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Aug 2, 2016 · There are specific requirements for a restrictive covenant to bind subsequent owners of a property and the law surrounding this area is complex and subject to a number of legal tests. How Restrictive Covenants affect property
Real estate law covers the ownership and use of land in any given transaction, and isn’t too far removed from some of the principles used in property law. It’s a branch of law which refers to the possession and usage of land, and the way in which that land is utilised.
- Real Estate Law. 1.1 Please briefly describe the main laws that govern real estate in your jurisdiction. Laws relating to leases of business premises should be listed in response to question 10.1.
- Ownership. 2.1 Are there legal restrictions on ownership of real estate by particular classes of persons (e.g. non-resident persons)? Not at present. Any person over the age of 18, of whatever nationality, may buy and sell freehold land without restriction.
- Real Estate Rights. 3.1 What are the types of rights over land recognised in your jurisdiction? Are any of them purely contractual between the parties?
- System of Registration. 4.1 Is all land in your jurisdiction required to be registered? What land (or rights) are unregistered? Yes. Unregistered land in England and Wales must be registered on the occurrence of one of several “triggers”, including a transfer, the grant of a lease for more than seven years and the grant of a mortgage.
Dec 5, 2023 · In the realm of real estate, a “bound” signifies the explicit demarcation or boundary that defines the extent of a property. It serves as the tangible or legal parameter that outlines ownership limits.
- Randy Abbott
Jul 6, 2017 · The system of metes and bounds is one used in real estate to describe land or real property based on the physical features of its geography, as well as directions and distances. These features define the boundaries of a select parcel of land, and they may also include references to adjoining parcels of land and their owners.
Jan 25, 2024 · In real estate, a binding contract is a legally enforceable agreement between parties. It stipulates the terms under which property is bought or sold. This section breaks down what makes these contracts valid, the legal elements they contain, and the various types they encompass.
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Jan 3, 2020 · A Q&A covering the essential considerations surrounding real estate in United Kingdom (England & Wales), including the legal framework, acquisitions and leases, finances and more.
