Land Law: Co-ownership and Trusts of Land

Quiz by

Rate:

Last updated: May 18, 2024

You have not attempted this quiz yet.

More quiz info >>

4:00

Enter answer here

/ 39 guessed

The quiz is paused. You have remaining.

Copied!

Scoring

You scored / = %

This beats or equals % of test takers also scored 100%

The average score is

Your high score is

Your fastest time is

Keep scrolling down for answers and more stats ...

Main statute	Trusts of Land and Appointment of Trustees Act 1996
Statute for meaning of trust of land	S.1 TLATA 1996
Joint tenancy definition	All tenants own whole
Tenancy in common definition	Each tenant has a distinct share in property
Four unities	Possession
	Interest
	Time
	Title
Can you sever a joint tenancy at law?	No
Statute	S.36(2) LPA 1925
Four ways to sever a joint tenancy	Act operating on a share
	Mutual agreement
	Course of dealing/mutual conduct
	S.36(2) written notice
What two 'concepts' did TLATA abolish?	Trust for sale
What two 'concepts' did TLATA abolish?	Doctrine of conversion
Section for settlements	S.2 TLATA 1996
Section for abolition of doctrine of conversion	S.3 TLATA 1996
What are general powers of trustees	Same as an absolute owner
Section	S.6(1) TLATA 1996

When should trustees consult beneficiaries?	So far as practicable
What happens when there is a dispute between beneficiaries?	Listen to majority
Section	S.11 TLATA 1996
When does a beneficiary have a right to occupy?	Interest in possession
Section	S.12 TLATA 1996
What must a trustee have regard to when considering allowing a beneficiaries right to occupy?	Intentions of person(s) who created trust
	Purpose of which the land is held
	Circumstances and wishes of the beneficiaries
What may a trustee not do?	Unreasonably exclude
What may a trustee not do?	Restrict entitlement
Section	S.13 TLATA 1996
Section for applications for an order	S.14 TLATA 1996
Matters relevant for determining actions	Intention of person(s) who created trust
	Purposes of property subject to the trust
	Welfare of any minor
	Interests of any secured creditor
Section	S.15 TLATA 1996
Who does the aforementioned section NOT apply to?	Bankrupt trustees
What section applies?	S.335A (3) Insolvency Act 1986