Land Law

Land Law: Case Analysis

Lease is a contractual agreement between landowner and tenant for a tangible property. This case discusses about the partnership of seven friends over the leasing of real estate properly. The event was entitled in the month of January of the last year. Lucrezia, Elizabeth, Anna, Guicciardini, Konstam, John and Antonio are key players of this study. The objective to study this case is to assess various measures during the transfer of title of lease. The story has interesting setting with leaps and bounds at different intervals of the setting. The purpose of this entitlement is to operate the business of handicraft goods. There was a collective contribution of 1.6 million pounds for the purchase of commercial premises. Elizabeth added one million pounds to the total. The rest of the six friends namely (Anna, Guicciardini, Konstam, John, Elizabeth and Antonio) each brought two hundred and fifty thousand pounds to the total leasing amount. Antonio was the premium partner of the legal agreement. He added the substantial contribution from the marriage gift to wedding pair. It is also termed as dowry and entitle to consecrated legal amount.

The binding partners are adhered to the clause of beneficial joint tenants. Interest, time, title and possession are four covenants of this legal procession. It is the state of two or more partners or joints for the property ownership. The ownership automatically reverts to another partner in case of death. The development of story unfolds ecstatic events like suicide, stabbing or emotional trauma. These events are under the charge of unable to repay the lease payment.

Question no. 1:

Every entity is involved in the wrongful means of escaping from the agreement. Better business opportunities or ethical misconduct from other partners are consequences for the failure. This case opens the extenuating circumstances to identify different issues. The case highlights many issues which includes failure to the agreement of lease payments. The breach of ordinances, laws and permissible clauses violates the terms of lease. The individuals are found of guilt or causation for breaching the contract. Elizabeth was in isolation after the withdrawal of her friends. Following postulates determine the effect of transfer of title over selling their leased shop:

Lucrezia was the first principal element to withdraw from the agreement. Her death transfers her propert rights to other tenants. It means that her legal estate will be owned by other tenants in the interest of survivorship principle. The interesting part of this legal provision is that she has trasgerred aregret letter to each of her co-owner before her death. The letter express her intentions to get separated fromshareo f owndership due to lack of interest. This act of withdrawal made her tenant in common. Her heirs will now absorbed and exercised her interests.

The unlawful killing of Konstam amounted penalty. This will prevent Konstam to retain property as a result of unjustified killing.

Guicciardini has similar state of case. This will prevent the survivorship in the favor of convicted ...