3. Creation of Legal and Equitable Rights in Land
Titles in the Complete series combine extracts from a wide range of primary materials with clear explanatory text to provide readers with a complete introductory resource. This chapter discusses the changes made by and the effect of the 1925 legislation. It covers the types of legal estates and interests prior to 1925; s1 Law of Property Act 1925; legal estates and interests existing after 1925 and equitable interests after 1925. The creation of legal and equitable property rights is discussed. It covers the creation and transfer of legal property rights; the creation of equitable interests in land by express trust; the creation of equitable interests by contract to convey or create a legal estate or interest; treating an informal grant of rights in land as a contract, thus creating an equitable interest in land; grant of an estate or interest by someone with only an equitable interest; and grants of interests which can exist only in equity.