L4_-_Registration_of_Title_1_-_21.10.2024_-_Recording

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16 Terms

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Registered Land

Land whose title is recorded on an electronic register managed by the Land Registry.

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Unregistered Land

Land for which ownership is determined by title deeds rather than a register.

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Freehold Estate

A legal estate in land that continues indefinitely, providing full ownership of the property.

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Leasehold Estate

A legal estate in land for a specified term of years as set out in a lease.

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Overriding Interests

Interests that bind a purchaser of land even though they are not entered on the register.

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Land Registration Act 2002 (LRA 2002)

The primary legislation that governs registered land, replacing the LRA 1925.

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Mirror Principle

A principle that aims for the register of title to accurately reflect all rights and interests affecting that estate.

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Curtain Principle

The principle that allows certain equitable interests to be concealed from the register, requiring consideration of overreaching.

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Insurance Principle

The principle that the state guarantees the accuracy of registered titles and indemnifies individuals for losses arising from registration errors.

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Doctrine of Notice

A legal doctrine that allows equitable rights to bind new owners unless they were bona fide purchasers for value without notice.

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Adverse Possession

A method through which a person can claim ownership of land based on continuous possession for a specified period.

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E-conveyancing

An online system for transferring property titles which aims to streamline the conveyancing process.

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Proprietary Rights

Legal rights that a person has over their property, which can affect others who want to acquire an interest in that property.

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Legal and Equitable Rights

Legal rights are enforceable against the whole world, while equitable rights depend on the doctrine of notice and bind different parties.

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Land Charges Register

A register that was previously needed for unregistered land but does not exist for registered land under LRA 2002.

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Root of Title

The original deed or document that proves ownership of land, tracing back to previous owners.