1: Investigation of Title (Pages 1–4) Flashcards

(9 cards)

1
Q

What is the purpose of investigating title?

A

Confirm seller owns the property and can sell it

Identify any adverse interests (e.g. covenants, mortgages)

Ensure good and marketable title

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2
Q

What is included in the official copy of the register?

A

Property Register
Proprietorship Register
Charges Register
Title Plan

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3
Q

What does the Property Register contain?

A

Description of the property

Rights benefitting the land (e.g. right of way)

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4
Q

What does the Proprietorship Register contain?

A

Owner’s name and address

Class of title

Restrictions (e.g. Form A restriction)

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5
Q

What does the Charges Register contain?

A

Mortgages

Restrictive covenants

Easements for third parties

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6
Q

What is the purpose of the title plan?

A

Shows extent of land ownership

Indicates boundaries and rights of way

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7
Q

What is overreaching?

A

Transfers beneficial interests to purchase money

Requires capital paid to at least two trustees

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8
Q

What is a Form A restriction?

A

Notifies that land is held on trust

Ensures overreaching of equitable interests

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9
Q

What are the three main classes of title?

A

Absolute (best)

Possessory (due to adverse possession)

Qualified (defect in title)

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