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Scots property law governs the rules relating to property found in the legal jurisdiction of Scotland.. In Scots law, the term 'property' does not solely describe land. Instead the term 'a person's property' is used when describing objects or 'things' (in Latin res) that an individual holds a right of owners
Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property. Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given time. As a lease is a legal estate, leasehold estate can be bought and sold on the open market.
A common example of a deed not capable of registration is a lease of less than 20 years (i.e. a short lease), as only leases are capable of registration by one enactment alone: the Registration of Leases (Scotland) Act 1857, which limits registration to leases of more than 20 years.
The Leases Act 1449 (c. 6) is an act of the Parliament of Scotland. It sets forth obligations between tenants and landlords. One such example is that is protects tenants from transfers by their landlord; whether that is a real right, or a fully fledged right is disputed.
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.
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Foreigners cannot buy and own land, like in many other Southeast Asian countries. Instead, the land is collectively owned by all Vietnamese people, but governed by the state. As written in the national Land Law, foreigners and foreign organizations are allowed to lease land. The leasehold period is up to 50 years. [20] [21]
A freehold, in common law jurisdictions or Commonwealth nations such as England and Wales, Australia, [1] Canada, Ireland, India and twenty states in the United States, is the common mode of ownership of real property, or land, [a] and all immovable structures attached to such land.