Proprietorship Register

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19 Terms

1
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What does the propreitorship register show?

The owner’s name and address, the class of title and entries affecting ownership

2
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Why is the class of title important?

Because the Land Registry guarantees titles with compensation, and lenders may refuse inferior classes.

3
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What is the best and most common class of title?

Title Absolute (for freehold or leasehold).

4
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What does Title Absolute mean?

The proprietor has satisfied the Land Registry that they are the true and proper owner.

5
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What is a Qualified Title?

Granted where there is a specific defect in title (e.g. missing deed containing covenants/easements).

6
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What is a Possessory Title?

Granted when the proprietor shows physical possession but lacks title deeds or claims through adverse possession.

7
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What is a Good Leasehold Title?

Leasehold title where the landlord’s ownership cannot be proved at the time. It can often be upgraded if the landlord’s title is later registered.

8
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What should a buyer’s solicitot do if the title is NOT absolute 

Report to the client and explain risks; Check lender’s requirements; Consider title indemnity insurance and Consider upgrading to absolute title if possible 

9
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Who can be the registered proprietor?

An individual, a company, an LLP, or any combination (up to four persons).

10
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 What details appear for an individual proprietor?

Full name and service address

11
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What details appear for a company proprietor?

Company name, number, and registered office address (to be checked against Companies House).

12
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What details appear for an LLP proprietor?

 LLP name, number, and registered office address (to be checked against Companies House).

13
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How many co-owners can be registered?

Up to four (individuals, LLPs or Companies)

14
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What additional matters may appear on the proprietorship register?

Price paid or stated value (if acquired after 1 April 2000); Indemnity covenants (to obsreve positive covenants); Restrictions on the propreitor’s right to dispose of the property.

15
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If the legal owner died 

the executor of their estate may sell the property before being registered as proprietor 

16
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Easements

A legal right one landowner has over another person’s land

Typically benefits one piece of land (the dominant tenement) and burdens another (the servient tenement)

17
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Examples of easements

right of way, right of light, right to use drains or pipes running under adjoining land

18
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Abut

to touch, to border, or be directly to another piece of property

19
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Covenants 

a promise made in a deed relating to land use; can be positive or restrictive