1. Leases and Restrictive Covenants
A covenant 'is a promise made by one party for the benefit of another party which is contained in a deed'; under The Law of Property Act (LPA) 1925 Section 52 leases of more than three years should be made by deed anyway.1 The Law Commission's criticism is that some obligations pass automatically onto the new landlord and tenant by privity of estate and sometimes this burden does not pass on, for example due to continuing liability. ... This was a significant change in the law because this long standing principle was 'absence of any analysis or discussion of the underlyin...
- Word Count: 1756
- Approx Pages: 7
- Grade Level: Undergraduate