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Personal representatives have the same statutory powers given to trustees in the Trustee Act 2000 (TrA 2000), by virtue of TrA 2000, s 35. Trustees and personal representatives do not generally have the power to borrow. However, where there is a trust of land, the Trusts of Land and Appointment of Trustees Act 1996 (TOLATA 1996) gives the trustees additional powers. TOLATA 1996, s 6(1) gives trustees of land all the powers of an absolute owner in relation to the land. Trustees of land therefore have a power to mortgage land to secure liabilities incurred by them. TOLATA 1996, s 18 extends the scope of TOLATA 1996, s 6 (and other specified provisions of TOLATA 1996)
Q&As
Generally speaking, the terms of a validly executed Will that complies with the formality requirements in section 9 of the Wills Act 1837 will be binding in respect of the estate of the deceased, save where the beneficiaries agree to vary its terms by way of a deed of variation, or if the court makes an order for reasonable financial provision under the Inheritance (Provision for Family and Dependants) Act 1975. A Will can only leave property that belongs to the testator and so, for example, monies held in trust for a third-party beneficiary cannot
Q&As
It is commonly the case that on the breakdown of a relationship, an issue arises in respect of occupancy of what was previously the family home. Where parties are married, matrimonial home rights can be asserted, and regardless of whose name the property is in, the court can apportion interests in financial remedy proceedings. Cohabiting couples have far fewer protections, and where the property is in the sole name of one party and the other party has made no contributions
Q&As
This Q&A assumes that the seller was registered with HM Land Registry as proprietor of the leasehold title, and the buyer has been (or will be) registered as transferee A tenant's ability to assign a lease is frequently limited by covenants. The effect of any given covenant is a matter of interpretation of the lease, along with the statutes that apply to them (including, for example, the Landlord and Tenant Act 1927 in relation to assignment). See Practice Note: Landlord's consent to assign or underlet. In this scenario, the lease is residential. Long residential leases often do not require the tenant to seek the landlord's consent before assigning,
Q&As
For the purposes of this Q&A we have limited our research to cover the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013, SI 2013/3134 (CCR 2013). See Practice Note: Distance, doorstep and on-premises sales which summarises the law, guidance and practice relating to the CCR 2013 and explains when they apply, what information must be provided to the consumer and when, and what the consumer’s rights to cancel are once a distance selling contract has been concluded. The CCR 2013 apply to contracts for goods, services and digital content that are made by means of distance communication, doorstep contracts and on-premises contracts. For further information,
Q&As
Adverse possession Since 13 October 2003 an entirely new set of rules on adverse possession has applied registered land. Under the Land Registration Act 2002 (LRA 2002), a squatter may apply to be registered as proprietor after ten years’ adverse possession. The essential elements of the new regime are as follows: • a squatter can apply to be registered as the proprietor of a registered estate if they have been in adverse possession for a minimum period of ten years ending on the date of the application (see ‘Application for registration’ in Practice Note: Claiming title
Q&As
The Government’s Planning Portal explains that building regulations consent is required for all structural works, although there is an exemption if the works are simply repairs to a roof involving less than 25% of the area of a pitched or flat roof. If the new roof is structurally different from the previous one, then building regulations consent is required, as it may affect the structural integrity of the rest of the building or change the way that the building responds in the event of a fire. Practice Note: Energy efficiency—Part L of the Building Regulations discusses the new regulations regarding energy efficiency. Put simply, most building works are subject to building regulations
Q&As
Assignment of a lease The assignment of a lease is generally treated in the same way as the transfer of a freehold interest and any payment or premium on the assignment (other than a reverse premium) will be subject to stamp duty land tax (SDLT). The assumption by the assignee of obligation under the lease to pay rent or to perform or observe any undertaking of the tenant under the lease does not count as chargeable consideration. Where
Q&As
In answering this Q&A, we have considered the power of a liquidator to deal with the company’s assets after the commencement of liquidation. Section 107 of the Insolvency Act 1986 (IA 1986), which applies to both members’ and creditors’ voluntary liquidation, provides that the company’s property shall, on winding up, be applied in satisfaction of the company’s liabilities and, subject to that application,
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Government departments and government ministers (when acting in their official rather than their personal capacity) are generally regarded as emanations of the crown, which itself is considered to be a corporation sole. A corporation sole consists of one person and their successors in some particular office or station, who are incorporated by law in order to give them certain legal capacities and advantages which they would not have in their natural person. Execution of deeds by a corporation