For many years Tom and Claire held the registered freehold title to Mount Farm in Essex (‘the farm’) as joint tenants. Last week, Tom and Claire decided to retire from the farming business and they sold and transferred the farm to Walter for a sum of £8 million. Walter lives in California and is a property investor.
During the time of Tom and Claire’s ownership of the farm, they granted certain rights and interests to various friends, family and neighbours, viz:-

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