Unregistered And Registered Land Flashcards
For unregistered land, what is the epitome of title?
Bundle of deeds and documents. Consist a schedule of documents with photocopies.
What counts as a good root of title?
Document that:
Shows ownership for the whole interest
Contains recognisable description
Doesn’t caste any doubt
Is at least 15 years old
Conveyance is usually the best.
Prior to exchange of contracts, what must a buyer do for unregistered land?
Investigate and inspect the land, check that the legal title has passed to the seller.
What are the disadvantages of unregistered land?
Epitome of title could be forged
Investigating title is time consuming
Bundle of title deeds may be lost or destroyed
Old documents are hard to read
If no third party rights are revealed, a party way unwillingly purrchase a property that is burdened.
Are legal estates and rights enforceable on third party in unregistered estates?
Yes, they bind the world. This means that a legal estate or interest binds any buyer - whether they knew of interest or NOT.
What is the exception to the binding world of legal estates in unregistered land ?
Puisne mortgages must be protected by a Land Charge. This is a. Legal mortgage that is not protected by the deposit of deeds. (Second mortgage etc)
Are equitable interests enforceable on third parties in unregistered land?
Yes, if they are protected by:
Land charge
Doctrine of notice
What are land charges?
Land Chagres Act 1972, method of protection.
If the interest does not appear in s 2, then it CANNOT be protected by a land chagre.
What are they differnet land charges for unregistered land?
C(if) estate contract
D(ii) restrictive covenants
D(iii) equitable easement
F home right
C(i) puisne mortgage
How do you register a land charge for unregistered land?
It is NOT registered against the land, it is registered against the estate owner in their name.
ONUS to register is on person holdingequitable chagre.
What is the effect of registering a. Land charge?
S 198, registration of a land charge is deemed eto constitute actual notice of the interest from date of registration, therefore bound, whether they know about it or not
What is the effect of failure to register a land charge against unregistered land?
Land charge is void against a buyer for money or moneys worth of a legal estate, unless the land charge is registered before completion of the property
What is the doctrine of notice?
This s an equitable principle for unregistered land, which applies to equitable interests before 1925, and beneficial interests under a trust, WHENEVER created.
When is a purchaser bound by the doctrine of notice of an unregistered estate?
A buyer is bound by equitable interests, UNLESS they are equity’s darling. This is a n=bona fide purchase for value, without notice of editable interest.
Buyer must act honestly ad without fraudulent intend, with consideration given for purchase, of either the legal estate or legal interest.
What are the 3 without notice of the equitable interest of an unregistered estate?
Actual notice
Constructive notice
Imputed notice
What is actual notice?
The buyer must know of the existence of the equitable interest. May have alerted buyer.
Rumours or gossip is not. Knowledge