100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Land lecture on Registered Land £4.99   Add to cart

Lecture notes

Land lecture on Registered Land

 19 views  0 purchase

Complete lecture notes on registered land. LRA 2002 Interests in land under land registration act 1925 Overriding interests under LRA 1925 and 2002 Overreaching interests

Preview 2 out of 10  pages

  • January 13, 2022
  • 10
  • 2019/2020
  • Lecture notes
  • Kagnas
  • All classes
All documents for this subject (15)
avatar-seller
marwa11111
LEC 3&4 – REGISTERED LAND

[textbook reading summary starts at pg. 40]


Note: In most cases (when sale of land is for value), a new title owner is free from existing
proprietary rights, except:
 Registered charges
 Overriding interests
 Protected registered interests



Definition
 Registered land is land which the title to it (the estate, right to ownership) is recorded
in a register maintained by HM Land Registry, and accessed through a number of
district land registries around the country, or increasingly, online.

Evolving legal framework of registered land

1. The evolution of legislative framework of registered land began with the Land
Registration Act 1925 – registration to be extended across England and Wales.

2. Law Commission reports have influenced the evolving framework of registered land,
they reviewed the system of registered land during 1980s.


3. Land Transfer Act 1987 introduced compulsory registration in London.


4. Land Registration for the Twenty-First Century – Law Commission/Land Registry
Report No. 254 (1988) – criticised existing system and contained proposals for
reform.


5. This report lead to the following draft bill, Land Registration for the Twenty-First
Century: a Conveyancing Revolution (2001, No. 271) – draft Bill; aimed to improve
accuracy of land register and accelerate process of registration throughout England
and Wales. Culminated in the following legislation.


6. Land Registration Act 2002; in force on 13 October 2003 (replaced LRA 1925).


7. Compulsory first registration of title – 1st December 1990.

, Goals were to reduce expense/effort and increase reliability for purchasers of buying land;
facilitate overreaching for benefit of purchasers; protect certain third-party rights; introduce e-
conveyancing (not yet in effect).


The principles of registered land

 The mirror principle – the register should reflect the totality of rights and interests in
land [but overriding interests survive and are not reflected in the register]. The
register as a mirror of the legal status of the land. If the register reflects the full
character of the land, any purchaser and third party can be rest assured that they are
fully protected. It is unlikely that the register can ever be a truly perfect mirror. It
would be impractical and undesirable for this to be so. There are certain things which
are not expected to appear on a register. Eg. short-term rights (one-year lease).
 The curtain principle – certain equitable interests in land should be hidden behind
the ‘curtain’ of a trust. Purchaser only concerned with legal title, he does not need to
worry about any equitable interests, as if involved with a trust, such rights will be
overreached anyway if proper formalities are performed.
 The insurance principle – if title is registered, it is guaranteed by the state, supported
by a system of indemnity (compensation) and alteration of the register.


Characteristics of the land register
Each title is given unique number and its entry is divided into 3 parts:
 The property register – describes the land itself, the type of title (eg, freehold or
leasehold) and any benefits attached to it
 The proprietorship register – identifies the proprietor and any restrictions on the
power of the proprietor to deal with the land
 The charges register – details of adverse third party rights.
 Only legal estates can be registered, namely, freehold estates and leasehold estates
granted for more than 7 years. Registerable estates = legal estates (freehold,
leasehold). Leaseholds for 7 years or less cannot be registered.


LRA 2002
 S 27: transfer of estate not complete until registration of title is effected; until
registration, it operates only as an equitable estate. Transfer is complete when new
owner’s title is registered.
 S 58: registration is conclusive of title, ie, the registered proprietor is deemed to have
been vested with the legal estate as noted on the register.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller marwa11111. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £4.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64438 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£4.99
  • (0)
  Add to cart