Summary: Ws3 The Registered System
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Read the summary and the most important questions on WS3 The Registered System
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1 Registered Conveyancing
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The law relating to the transfer of registered titles is contained in which Act and Rules?
Land Registration Act2002 and the Land Registration Rules 2003 (SI 2003/1417) -
1.1 Proof of ownership
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Under registered conveyancing, how does the seller prove his ownership to the buyer?
Through one 'official copy' of registeredentries on the LandRegistry . The register shows who the current owner is and other third party interest which exists over the property (but not all of them). -
Is historical ownership of the property relevant for registered titles?
Historicalownership of the property is irrelevant. -
1.2 The transfer
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Explain the effect of a transfer of a registered title under s 27(1) of the Land Registration Act 2002 on the legal ownership of the buyer?
The transfer of the legal estate through a sale of the registered title does not pass the legal estate (i.e., isn't automatic) until the buyer is registered as the new owner. -
2 Legal Estates Capable of Registration (Mentioned under s27 - registrable disposition)
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2.1 Estate Capable of Registration
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When did the whole of England and Wales become an area of compulsory registration?
As from 1 December1990 . This meant that if anyunregistered property wasleased or sold after this date, thetransaction had to be registered. -
Which types of estates are capable of being registered with a separate title and which are not?
Allfreehold estates and someleasehold estates can be registered with a separate title. However, it has to be a lease with more than 7 years to run. -
Which type of lease is not capable of 'substantive registration'?
A lease that has 7 years or less to run is incapable of registration with its own title. -
What is the result of 'substantive registration' on a piece of land?
There can be more than one register of title existing in relation to one piece of land. -
2.2 Compulsory First Registration
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Explain voluntary first registration of landowners?
Landowners can voluntarily convert their titles. -
Explain compulsory first registration of landowners?
When landowners will deal with their land in a particular way which triggers an obligation to register the title (e.g. selling it).
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Topics related to Summary: Ws3 The Registered System
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Legal Estates Capable of Registration - Compulsory First Registration - Examples of transactions under section 4 LRA 2002 (refer to statutory extracts) which trigger compulsory first registration
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Enforceability of Third Party Interest in the Registered System - General rule under section 29 LRA 2002 for binding a purchaser. BELOW DISCUSSES THE CATEGORIES MENTIONED IN (A) + (B)