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The vested rights doctrine is the rule of zoning law by which an owner or developer is entitled to proceed in accordance with the prior zoning provision where there has been a substantial change of position, expenditures, or incurrence of obligations made in good faith by an innocent party under a building permit or in reliance upon the ...
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
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Under part VIII, the 1997 act allows land to be compulsory or voluntarily purchased for planning purposes. [22] The procedure for any compulsory purchase acquisition is dealt with by the Acquisition of Land (Authorisation Procedure) (Scotland) Act 1947. The 1997 act also regulates General Vesting Declarations, discussed below. [23]
Property law can be complex and arcane, even for lawyers and judges. The rule against perpetuities is an example of how older property laws can influence how families transfer and inherit property ...
The Petroleum (Production) Act 1934 (24 & 25 Geo. 5. c. 36) is an Act of the Parliament of the United Kingdom which clarified the ownership of underground petroleum, vesting it in the Crown. It made provision for searching and boring for and getting (producing) petroleum and natural gas, under appropriate licenses.
“The amount of money that can be made through rentvesting depends on a variety of factors, including the location of the property, the condition of the property and the rental demand in the area.
The rights may be vested or contingent, [2] and may include an equitable interest. [3] Mortgages and loans are relatively straightforward and amenable to assignment. An assignor may assign rights, such as a mortgage note issued by a third party borrower, and this would require the latter to make repayments to the assignee.