1 Legal estates and equitable interests
Law of Property Act 1925 (1925 c 20) | Legislation

Part I General Principles as to Legal Estates, Equitable Interests and Powers

1  Legal estates and equitable interests

(1)     The only estates in land which are capable of subsisting or of being conveyed or created at law are—

(a)     An estate in fee simple absolute in possession;

(b)     A term of years absolute.

(2)     The only interests or charges in or over land which are capable of subsisting or of being conveyed or created at law are—

(a)     An easement, right, or privilege in or over land for an interest equivalent to an estate in fee simple absolute in possession or a term of years absolute;

(b)     A rentcharge in possession issuing out of or charged on land being either perpetual or for

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