Naomi enters into a written agreement granting Ayumi the right to occupy the property for a fixed term of three years, with the ability to exclude all others, including Naomi, subject to limited rights of entry. How should Ayumi’s interest be characterised at law?

Question

Answer

A contractual licence to occupy land enforceable only against Naomi

Answer

An equitable interest contingent upon registration of the agreement

Answer

A personal right of occupation dependent on Naomi’s continued ownership

Answer

A leasehold estate conferring a present proprietary right to exclusive possession.

Crowdly

Naomi enters into a written agreement granting Ayumi the right to occupy the pro...

Want instant access to all verified answers on learning.monash.edu?