If the beneficiaries are tenants in common in equity, but no restriction is entered on the proprietorship section of the register, a purchaser of the legal estate may be bound by their interests if he does not overreach them. By virtue of [ statute ], these interests override the register provided the elements of the paragraph are present. So were equitable tenants in common to be in actual occupation of the property then because of this and the fact that they have an interest in the land, here in the form of a beneficial interest behind a trust, the purchaser would be bound unless one of the exceptions in LRA 2002, Sch 3 para2 existed.
Answer
LRA 2002, Sch 3 para 2
Tags
#co-ownership #land #law
Question
If the beneficiaries are tenants in common in equity, but no restriction is entered on the proprietorship section of the register, a purchaser of the legal estate may be bound by their interests if he does not overreach them. By virtue of [ statute ], these interests override the register provided the elements of the paragraph are present. So were equitable tenants in common to be in actual occupation of the property then because of this and the fact that they have an interest in the land, here in the form of a beneficial interest behind a trust, the purchaser would be bound unless one of the exceptions in LRA 2002, Sch 3 para2 existed.
Answer
?
Tags
#co-ownership #land #law
Question
If the beneficiaries are tenants in common in equity, but no restriction is entered on the proprietorship section of the register, a purchaser of the legal estate may be bound by their interests if he does not overreach them. By virtue of [ statute ], these interests override the register provided the elements of the paragraph are present. So were equitable tenants in common to be in actual occupation of the property then because of this and the fact that they have an interest in the land, here in the form of a beneficial interest behind a trust, the purchaser would be bound unless one of the exceptions in LRA 2002, Sch 3 para2 existed.
Answer
LRA 2002, Sch 3 para 2
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Open it n>If the beneficiaries are tenants in common in equity, but no restriction is entered on the proprietorship section of the register, a purchaser of the legal estate may be bound by their interests if he does not overreach them. By virtue of <span>LRA 2002, Sch 3 para 2, these interests override the register provided the elements of the paragraph are present. So were equitable tenants in common to be in actual occupation of the property then because
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