Registered and unregistered land Flashcards
estates and interests over unregistered land may be registered voluntarily by the owners at any time:
(7 elements)
- Freehold
- Leasehold – more than 7 years unexpired.
- Leases of any length – where right to possession is discontinuous.
- Leases of any length granted to take effect in possession more than 3 months AFTER date of grant.
- Rent charge that is EITHER perpetual OR for a term of which more than 7 years are unexpired.
- A ‘profit a prendre’ – in gross that is either perpetual OR for a term of which MORE than 7 years are unexpired.
- Franchise that is either perpetual OR for a term of which more than 7 years are unexpired.
Requirement to convert land from unregistered to registered title will occur when…
a TRIGGER EVENT occurs.
Trigger events?
*Transfer of an unregistered freehold estate in land
*Transfer of unregistered leasehold with more than 7 years to run at the time of transfer
*Grant of a new legal leasehold in land
*First legal mortgage of an unregistered freehold OR leasehold
Examples of a transfer of an unregistered freehold estate in land?
valuable consideration, gift, deed appointing new trustee etc
Examples of transfer of unregistered leasehold with more than 7 years to run at the time of transfer?
valuable consideration, gift, deed appointing new trustee etc
Grant of a new legal leasehold in land
for a term of any length to take effect in possession AFTER a period of 3 months from date of grant.
First legal mortgage of an unregistered freehold OR leasehold
more than 7 years unexpired
Buyer MUST apply for first registration WITHIN…
two months of the triggering event.
Buyer MUST apply for first registration WITHIN two months of the triggering event.
Failure to do so will result in…
an equitable interest.
OR
Equitable mortgage UNTIL registration been completed.
Once registered
Title to land depends on…
what is entered on the register at the Land Registry AND not the deeds to the land.
Interests affecting registered estate are…
third party interests in land
have to be protected by entry on the register to bind a successor.
Interests affecting registered estate are third-party interests in land and these interests aren’t…
registered charges OR overriding interests.
Interests are protected by either?
a notice OR restriction
Notices?
notice will appear in the charges register.
Can be used to protect (easements/profits, equitable leases, restrictive covenants etc).
Not trust for land.
Notice can be entered WITHOUT consent of the registered owner BUT the owner can challenge it.
Restriction?
restriction appears in the proprietorship register.
Used to protect a trust for land.
Registered owner’s consent NOT required to register a restriction.
Shows the owner has a limited power of disposition of the land
AND
where the land held on trust.
Buyer needs to implement overreaching to take free of the beneficial interest.
Overreaching:
Beneficial interest under a trust for land can be overreached IF
the buyer pays the money to a MINIMUM of two trustees OR trust corporation.
Beneficial interest detached from land
AND
Attaches to the proceeds of sale.
Buyer takes free of such interests.
Overriding interests:
Interests which override the register.
Purchaser of registered land MUST conduct further enquiries beyond the register held at the Land Registry to discover THIRD PARTY interests which can bind them.
Interests which override on first registration (sch 1 LRA 2002):
Para 1?
legal leases of 7 years OR less in duration.