Please do not hesitate to contact us here at Clarke Mews by using the contact details located below.
30 High Street,
Botley,
Southampton,
SO30 2EA,
T:
01489 797377
F:
01489 799466
E:
botley@clarkemews.co.uk
44 High Street,
West End,
Southampton, UK
SO30 3DR,
T:
023 8047 3747
F:
023 8047 6960
E:
westend@clarkemews.co.uk
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Equitable Interest
An equitable interest is one which would be recognised by the Court of Chancery. It is enforceable in limited circumstances as opposed to a contractual obligation which is strictly enforceable regardless of who is involved. Contract law may be certain but it is not always fair. An equitable interest usually carries with it a significant element of fairness.
An equitable interest will not necessarily
be registered by Land Registry and may drop away if a later purchaser of the property
was not, and could not reasonably have been, aware of the equitable interest before
entering the contract. Accordingly, anyone with an equitable interest in a property
should talk to a solicitor about having the matter
registered as a covenant to maintain its long-term validity.