Lease and licence problem question Essay Example | Topics and Well Written Essays - 1500 words - 1

Lease and licence problem question - Essay ExampleCurrently, Jeffrey has found himself with pecuniary constrains, over and above, his marriage being under increased strain. He thinks of selling the stead and moving forward for sometimes. Two weeks ago, while his wife was away visiting his elderly mother and Peter was on a business trip in America, he found a buyer, David Matthews who was prepared to offer cash for supple sale.A licence is a contractual right to use a property particularly field that would otherwise be il judicial. Conversely, a lease is an interest of land that is given by the lesser to a lessee for a defined period of time while granting exclusive possession. In light of this, it is clear that Jeffrey has the legal rights over the property at Georgetown, and hence has ennoble to the property. Needless to mention, Jeffrey is among the people who have indefeasibility of title. According to property law, this means that Jeffrey is included in the title as the own er who has an indefeasible or unquestionable title of the property. Besides, the state guarantees the correctness of the information contained on the title and is, therefore, liable to provide compensation under presumption fund. Thus, legal interests are solely concerned with ownership of property as in the case of Jeffrey who has govern that is associated with the ownership.1 With this regard, it is entirely challenging for his wife Alice to claim any legal right for the property even though she is married to him.The fact that Alice moved into the property in 2005, and has continually spent a considerable arrive of her savings in renovating the property to an extent of converting the top floor into an apartment, which Jeffrey later leases out to Peter, a man of affairs for five years, a situation that does not recognise her as an exclusive or shared possessor. Simply, Alice could sole(prenominal) be recognised by Law, only if she was registered as one with equitable interest t o the property. This way