Racial covenants became the fashion, almost a passion, in conveyancing, and were demanded by banks and lending institutions in all real-estate developments.
Although to simplify conveyancing the law does not, equity does recognise unlimited numbers of co-owners, and owners with unequal interests (i.e. tenants in common).
A typical conveyancing transaction contains two major landmarks: the exchange of contracts (whereby equitable title passes) and completion (whereby legal title passes).
