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The Land Registration Act 2002

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... from practitioners for a system of dealing with land electronically. ... two lists one for first registration, the other dealings - both reduced in scope. ... – PowerPoint PPT presentation

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Title: The Land Registration Act 2002


1
The Land Registration Act 2002
  • A Revolution in English Land Law

2
The Land Registration Act
  • Having been introduced in the lords
  • Enacted on the 26 February 2002
  • Came into force 13 October 2003

3
Origins of the Act
  • In 1996, the law commission land registry start
    programme to reform land registration statutes
  • Land registration for the twenty-first century A
    consultative document 09/1998
  • Land registration for the twenty-first century A
    Conveyancing revolution 07/01

4
Need for Reform
  • Properties that are unregistered (circa one-fifth
    of freeholds).
  • Current legislation provides an improved
    machinery of conveyancing, rather than changing
    the underlying law
  • Its principles definitions obscure and
    confusing, its language not easy

5
Objectives of the Act
  • wide support within the property industry and
    from practitioners for a system of dealing with
    land electronically.
  • the register should always be accurate at any
    time, so it is possible to investigate title on
    line, with the minimum of additional inquiries
  • To reduce litigation on registered title (claims
    to by adverse possession etc)

6
Electronic Conveyancing
  • enables documents to be executed electronically
  • provides for a secure electronic network.
  • The Act, gives the Lord Chancellor power to make
    the use of electronic conveyancing compulsory
  • And to control who accesses the system

7
And What Else?
  • Compulsory registration extended - over 7 year
    leases commercial leases!
  • For litigators - Overriding interests - two lists
    one for first registration, the other dealings -
    both reduced in scope. some categories will be
    abolished, others will be phased out after ten
    years.

8
And What Else 2?
  • Charge certificates are abolished, land
    certificates are abolished.
  • For litigators - The Act reduces to two the
    methods of protecting the interests of third
    parties over registered land - notices and
    restrictions (cautions and inhibitions abolished)

9
And What Else 3?
  • A new scheme for protecting owners against
    persons in adverse possession
  • Application after 10 years
  • Owner notified - who can object
  • If so application rejected save for 3 limited
    exceptions
  • 2 more years get title by adverse possession

10
Summary
  • Electronic conveyancing
  • More compulsory registrations
  • Less protective entries
  • Weakens squatters rights
  • Limits overriding interests
  • Who really benefits?
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