An Implied Easement Which Has Been Used Within One Year

question 20

True/False

an implied easement which has been used within one year immediately prior to the transfer will only bind a purchaser of the burdened estate who was aware of it as an overriding interest under Schedule 3, paragraph 3 Land Registration Act 2002.

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Definitions:

Positive Externality

A benefit received by a third party resulting from an economic transaction in which they were not involved.

Public Good

An offering of goods or services to society's members at no cost, supplied by the government or private parties, aiming not to generate profit.

Private Good

A product or service that is excludable and rivalrous, meaning its consumption by one individual prevents its consumption by another.

Optimal Level

Optimal Level refers to the most efficient, beneficial, or profitable position or state for a particular process, activity, or economic outcome.