2007-10-01 07:06:35 · 6 answers · asked by green_womble 1 in Politics & Government ➔ Law & Ethics
Perhaps you have come across the complex rule against perpetuities in equity. Here is a good link on the subject (it's by a US lawyer, but we have the same principle in English law) http://www.articlealley.com/article_12415_18.html
2007-10-01 07:19:26 · answer #1 · answered by Doethineb 7 · 0⤊ 0⤋
Technically all land belongs to the Crown. As a freeholder I hold it in perpetuity. i can sell it t o someone else or leave it in my will.
When I bought my house many years ago it was a leasehold of 999 years from the 1930's. I could sell the lease to another person but not the land itself. The rent was so small it was a pain in the bum paying it so I bought the lease. it did not make economic sense but there we are.
2007-10-01 07:30:46 · answer #2 · answered by Scouse 7 · 2⤊ 0⤋
No, it's not true, but there is some truth in your statement.
In the UK, you can buy land or property in two ways.
The first is "freehold" which means it is yours forever, and the second is "leasehold", which means you own it or exploit it during a fixed period, say 100 years. At the end of the period, your family, or company has to return it to the original owner.
I imagine that it is a leasehold sales agreement that you are referring to.
2007-10-01 07:12:41 · answer #3 · answered by savs 6 · 1⤊ 0⤋
Technically no land in the UK is yours forever and 100% as the state can compulsory purchase it (at their price) at any time
It is the land of the British Crown first, yours second
2007-10-01 07:15:30 · answer #4 · answered by Northern Spriggan 6 · 0⤊ 0⤋
Not being morbid but I have the deeds to my grave"Granted in Perpetuity"so the answer is no,Just hope I don,t need it in the near future.
2007-10-01 07:22:30 · answer #5 · answered by Francis7 4 · 0⤊ 0⤋
no i shoud no i live there
2007-10-01 07:10:04 · answer #6 · answered by adam g 2 · 0⤊ 2⤋