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Liferent, or life-rent, in Scots law is the right to receive for life the benefits of a property or other asset without the right to dispose of the property or the asset. [1] [2] [3] Where the property is held in fee simple, the owner is termed the fiar. [4] (This is unrelated to Fiars Prices, another term in Scots law. [4]) For some acts ...
Examples of the first category are all the pre-1939 war Acts and the Rent Acts of 1957, 1965 and 1974; and of the second, the Housing Act 1980, in Scotland this is the Tenant's Rights Etc. (Scotland) Act 1980; and the Housing Act 1988, in Scotland this is the Housing (Scotland) Act 1988.
A short assured tenancy is a type of tenancy in Scotland that was introduced by the Housing (Scotland) Act 1988. [1] A short assured tenancy gives landlords some protection and freedom of action when letting their properties. Short assured tenancies have become the norm within the residential letting industry in Scotland.
One form of life interest is a life estate, an ownership interest in property that lasts for the life of the party to whom it has been granted. Unlike the beneficiary of a trust, the owner of a life estate in property has the right to possession of the property and may use it as any other owner, subject only to a duty to avoid waste of the ...
The assured shorthold tenancy (AST) is the default legal category of residential tenancy in England and Wales.It is a form of assured tenancy with limited security of tenure, which was introduced by the Housing Act 1988 [n 1] and saw an important default provision and a widening of its definition made by the Housing Act 1996.
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As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. [1] The ground rent provides an income for the landowner. [2]
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