Equitable Estates - Law Dictionary Search Results
Equitable
Matched in: Term Equitable
Quasi-entail
before 1926, have been effected by any method of conveyance except a will; after 1926, these estates became equitable interests only and may be devised or barred by will. See AUTRE VIE.
conversion
common stock of the same company usually at a preset ratio or price and at a preset time equitable conversion : the constructive conversion of real property into personal property esp. as a result of a contract … property esp. as a result of a contract for sale of land or testamentary instructions to sell real estate and divide the proceeds NOTE: Equitable conversion is a legal fiction under which the seller of a real
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Vested remainder
as an estate in possession, 2 Cru. Dig. 204. Interests in remainder can now only take effect as equitable interests: see Law of Property Act, 1925, s. 1; and Settled Land Act, 1925, s. 1. … Vested remainder, an expectant estate, which is limited or transmitted to a person who is capable of receiving the possession, should the particular
Freehold
an estate in fee simple absolute in possession, and a term of years absolute. all other estates are equitable interests under that Act; descent of legal estates to heirs of persons dying after 1925 has been abolished:
Base fee
1st January, 1926, these base fees have lost their quality of legal estates and have been reduced to equitable interests by the (English) L.P. Act, 1925, s. 1(32). Under s. 130(1) of that Act, the right to
Heir
before 1926, in deeds and wills executed after 1925, under which the 'heir' may become entitled to an equitable interest in personality and realty corresponding to a real estate by purchase under the old law; see (English) … an intestate decedents property, esp. real property, Black's Law Dictionary, 7th Edn., p. 727. The (English) Admin. Of Estates Act, 1925, s. 45, having abolished all modes of descent of real property obtaining before 1st January, 1926,
Rent
they are legal estates. All other rent-charges and rents, such as for life or remainder, etc., have become equitable estates [(English) L.P. Act, 1925, s. 1 (8)], but see s. 149, (English) L.P. Act, 1925, converting leases for
Conditions of sale
purchaser of a legal estate shall accept a title with the concurrence of any person entitled to an equitable estate if a title can be made free from the equity without consent under a trust for sale, … Conditions of sale. The terms set forth in writing upon which an estate of interest is to be sold by auction, tender, or private treaty. Together with the particulars (q.v.) the
Puisne mortgage
a legal estate, but as against a purchaser in good faith without notice, the mortgages are to remaina equitable interest. Registration as a land charge is not compulsory but advisable, as it amounts to notice. See NOTICE; … the legal phraseology which was used before 1926 meant a mortgage sub-sequent to the mortgage of a legal estate, but for the purposes of the Land Charges Act, 1925, s. 10 (1) (Class C.), it is enacted
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