[7] Another topic of discussion in this area is what happens between the time of the sale and the time of the implementation of something with the property. According to Lysaght v Edwards,[8] the buyer is fully responsible as soon as he acquires the right interests (although the seller is obliged to properly take care of the property while he is still in possession). This issue has also been discussed in the following cases: Before moving to leasing/option, let`s talk about the rate contract. The payment rate contract is an agreement by which the buyer makes payments as part of a instalment sale agreement. The transaction is also known as “contract for the deed” and “agreement for the deed.” The seller keeps the property as collateral until the balance is paid. In many ways, the property contract is the same as a mortgage because the buyer takes possession of the property, maintains it and pays taxes and insurance. However, the title remains in the seller`s name until the seller is settled. In many countries, the tempered contract is considered the equivalent of a mortgage, as the seller must initiate a enforcement procedure to remove the defaulting buyer. An agreement for the granting of a share of land on terms that correspond to a legal lease, but which do not meet the formal requirements of a legal tenancy agreement. If L z.B. claims to award a lease to T for a period of seven years, but the transaction is made by a simple written contract for the award of a lease agreement and not by a decision, the court may enforce the lease agreement between the parties. This follows the principle that “equity sees things properly” (see maximum equity) (Walsh v Lonsdale (1820) 21 Ch D 9). In addition, T`s rights to the contract could be entered as an estate contract and thus engage each third party that acquires shares of Ls in the field.

The issue of fair leases and the fair transfer of cheaper simple interests were discussed in Walsh/Lonsdale: it may seem quite obvious that the landlord transfers to create a valid lease that must be exclusive ownership – meaning that the tenant is eligible for the entire term of the lease. However, it is important to keep in mind that “exclusive ownership” may depend on a number of factors, such as . B; the written terms of the contract, the terms and conditions, the reasons for the issuance, the rights of a lessor and a third party to re-enter the premises, as well as the intention of the parties. Anyone who rents can conclude that all leases are equal and that if an agreement exists, it covers the field. The reality, however, is that there may be a number of types of leases that can be built between a tenant and a lessor, which may include fair leases, fixed-term contracts, periodic leases, at will leases and leases. Although the number of leases that can be used is different, there are still certain requirements for a valid lease to be established, regardless of the type of lease. Since a lease is a non-free estate of ownership, the duration of the contract is then guaranteed. Therefore, if an agreement has indicated the termination of the lease following an event, the event must be safe and not vague. Therefore, if a landlord declares that the lease will continue until, for example, “pigs start flying,” that event is considered uncertain, because who knows if the pigs will ever fly? Search for: `equitable lease` in Oxford Reference ” The most common method of transferring a homeowner`s interest is the purchase by the previous owner.