Before entering into the UK real estate business, one must have a good idea on UK property law. Understanding the property laws will help any individual to aptly execute his/her business theories in UK real estate. UK property law defines rights and obligations of parties in various property related contracts such as agricultural tenancy, general leases, business leases, easements and mortgages. In addition to these, the property laws in UK also define common hold properties, co-ownerships, estoppels, consent, human rights, trespassing, property related nuisance and different types of properties.
The Agricultural Tenancies Act 1995 is a vital part of UK real estate. Recent reforms of agricultural tenancies legislation are designed to make it easier for tenant farmers to develop their businesses by restructuring and diversifying. The Regulatory Reform (Agricultural Tenancies) (England and Wales) Order 2006 (SI 2006 No. 2805) came into force on 19 October 2006 and amends the Agricultural Holdings Act 1986 and the Agricultural Tenancies Act 1995.
The 1995 Act disapplied the 1986 Act to tenancies beginning on or after 1 September 1995 and imposed virtually no security of tenure within a regime designed to reverse the decline in let land and meet the needs of tenants to increase income by diversification. The RRO promotes those objectives by providing greater freedom of contract in connection with restructuring holdings without losing 1986 Act security, rent review, agreed lifetime succession tenancies , compensation and Land Registration Act 2003
There could be a lot of disparities between people with regards to UK real estate. Disputes relating to properties are often relating to the boundaries and possession of the properties. So in order to bring an end to these kind of disputes, the Land Registration Act of 2003 was passed. This Act became applicable in October of 2003. It contained new provisions on “adverse possession”, registration of properties, and title.
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