Chapter 4: Registered Land Flashcards
Which five events events trigger first registration?
Any of the following triggering events occurring after 1 December 1990:
- A conveyance on sale of freehold land
- An assent
- A deed of gift
- A grant of lease for a term exceeding 7 years
- An assigned of lease having an unexpired term exceeding 7 years
After a triggering event, when must an application be made to HMLR for first registration?
Within 2 months of the triggering event.
What is the consequence of failing to register a conveyance after a triggering event?
- The transfer of the legal estate to the buyer becomes void.
- The legal estate then reverts to the seller.
What is the consequence of failing to register a lease or mortgage after a triggering event?
The disposition still takes effect.
The seller (transferor) has full legal title but holds the lease or mortgage as bare trustee and must follow lawful instructions of the lessee or mortgagee (buyer) and is known as the bare trustee.
Who bears the cost of the failure to make an application at HMLR for first registration?
The party in default.
Can the HMLR registrar grant an extension for first registration?
The registrar can grant an extension of two months, only if there is a good reason.
What is the impact of a failed legal registration becoming an equitable estate?
It will lose priority to other transactions which create interests in the estate before defect is cured
What are the five classes of title?
- Absolute freehold
- Qualified
- Possessory
- Good leasehold
- Absolute leasehold
What is absolute freehold title?
- The best class of title.
- Proprietor takes legal estate + all interests benefitting estate.
- BUT- estate is subject to interests entered on the register & overriding interests.
Absolute freehold title is the best kind of title. What are the only two interests absolute freehold title is subject to?
- Interests on the register, e.g. charges, notices, restrictions
- Overriding interests
What is qualified title?
- Applicable when there is a specific defect in title.
- This is essentially an absolute title, but the Land Registry’s guarantee does not extend to the specified defect
What is a possessory title?
- Applicable when there is no documentation evidencing right to possess
- Usually cases where title deeds lost or adverse possession
What is good leasehold title?
Applicable when the Land Registry has not been able to inspect freehold or superior leasehold titles
What is absolute leasehold title?
When the Land Registry has inspected all superior leasehold titles and freehold title
How can good leasehold and possessory title be upgraded, and what are they upgraded to?
Good leasehold becomes absolute leasehold if freehold title is produced.
Possessory becomes absolute freehold if possessory title is not challenged for 12 years since it was granted.