Equitable Owner - Law Dictionary Search Results
Resulting trust
disposition of the legal estate and there is nothing to show that he meant to deal with the equitable interest, but by s. 60 of the Law of Property Act, provides that in a voluntary conveyance executed … Resulting trust, a trust created by operation of law. Resulting trusts are of two kinds: (1) Where an owner of property makes a disposition of the legal estate and there is nothing to show that he meant
Joint-tenancy
is repugnant and they take as joint-tenants. This and the following paragraphs still hold good in respect of equitable interests in joint estates in land, the beneficial ownership of a legal estate in land of joint-tenants having … the machinery by which legal estate may in such cases always be in some person, called the estate owner, who is competent to give a title to the whole estate without the concurrence of other parties. that
Deed
interest or relinquish any right should come first, and amongst them, those having legal estates before those having equitable only, and the larger interests should precede the lesser. Then consenting parties and covenantors. After these, those who … parties and covenantors. After these, those who take any estate or interest, and, amongst these, trustees follow real owners. Lastly, those who are inserted to fix them with notice of the deed, as creditors, legatees, trustees, and
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Estate
either an estate in land; or an estate in property other than land; a legal estate or an equitable estate, land being an immovable is capable of being the subject of many estates existing concurrently with each … Estate [fr. status, Lat.; etat, Fr.], the condition and circumstance in which an owner stands with regard to his property. The word is used in several senses and may denote either an
Attendant term
or, if deceased, in their personal representatives; but the person entitled to the inheritance then became, according to equitable principle, entitled to the beneficial interest in such term, and the term or was held to be such … person's trustee. This beneficial interest was subordinate to and merely attendant upon the higher estate possessed by the owner of the inheritance, and yet completely consolidated with it, following the inheritance in all the various modifications and
Uses
and laid the foundation of modern conveyancing. Before the Statute of Uses, a use was in its nature equitable, as such; it may be defined to have been a right in Chancery to the beneficial ownership of … which property is to be held. The Common Law treated the actual possessor for all purposes as the owner of the property. It was not difficult to find him out, since the possession of his estate was
Reversion
out of the larger estate or reversion.' Settled reversions of freehold or leasehold estates have been reduced to equitable interests by the Law of Property Act, 1925, but the word is also used to mean the freehold … a grant of a particular portion of it, short of the whole estate, has been made by the owner to another person. it is thus described by Mr. Watkins (Conv. C. 16): 'When a person has interest
Settled land
him under that title is not concerned with anything outside the vesting instrument so far as relates to equitable interests affecting the estate and subject to the provisions of the Law of Property and other land legislation … most interested in the welfare of the estate, and empowered him to do almost anything that a judicious owner would wish to do, subject to one great exception--he could not sell the estate and himself receive the
Easement
Easement, An easement is a right which the owner or occupier of certain land possesses, a such, for the beneficial enjoyment of that land, to do and … of years absolute is capable of subsisting and being conveyed or created at law. All other easements are equitable'by s. 187, ibid., easements over or in relation to land may be enjoyed in common with any other
lien
(as a bailee) in possession of property the right to retain possession until payment of the amount due equitable lien : a lien against property that does not require possession of the property and that is available … creation general lien 1 : a lien that is for the satisfaction of a balance due from an owner of property and that is not confined to the amount due in respect to the property itself 2
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