Contract
The Land Registration Act 2002 has actually replaced the previous legislation in particular The land Registration Act 1925 which governed and earlier though similar system but with the new statute now governs all matters concerning registered title. The Land Registration Act 2002 was introduced in response to the Law Commission and HM Land Registry report, Land Registration for the 21st(2002)1. The Land Registration Act 2002 came in to force on October 13th 2003 . Its main objective is to provide a complete and accurate reflection of the ownership of land. It has also been suggested that it should be possible to investigate this ownership online, keeping enquiries and inspections to a minimum. The Law Commission acknowledge that ‘absolute’ registration is unrealistic, but the new legislation will have a considerable impact on the commercial property market.2
The Land Registration Act are a very familiar piece of legislation to conveyancing solicitors in conveyancing practise and set out formal processes and requiments of land registration for conveyacing solicitor and conveyacing practitioner. It is now compulsory to register all land and overriding interests in land as part of the conveyancing process on transfer of a property from one owner to another and the Land Registration Acts set out how the registration process should be dealt with by convenyancing solicitors3.Why is registration important? “Registration establishes proof of ownnership and produces an easy-to-read document reflecting the contents of all the paper titlte deeds. The simplifies convenyancing making transactions easier and potentially less costly for all involved” All title information is kept on Land Registy’s database, reducing the need to store old and often unclear deeds. The register can be viewed quickly and securely online. There is no better way to safeguard ownership of land and property than by registering.4
Why The Land Registration Act was enacted? The Land Registration Act
The Land Registration Act are a very familiar piece of legislation to conveyancing solicitors in conveyancing practise and set out formal processes and requiments of land registration for conveyacing solicitor and conveyacing practitioner. It is now compulsory to register all land and overriding interests in land as part of the conveyancing process on transfer of a property from one owner to another and the Land Registration Acts set out how the registration process should be dealt with by convenyancing solicitors3.Why is registration important? “Registration establishes proof of ownnership and produces an easy-to-read document reflecting the contents of all the paper titlte deeds. The simplifies convenyancing making transactions easier and potentially less costly for all involved” All title information is kept on Land Registy’s database, reducing the need to store old and often unclear deeds. The register can be viewed quickly and securely online. There is no better way to safeguard ownership of land and property than by registering.4
Why The Land Registration Act was enacted? The Land Registration Act
Bibliography: 1)http://www.studentlawjournal.com/articles/2003/property/lra2002effect.htm 2)http://www.lawteacher.net/property-trusts/essays/land-registration-act-2002-law-essays.php#ftn5 3)Nutcases Land Law, Chris Chang 4)http://books.google.com.my/books? 5)http://legal-dictionary.thefreedictionary.com/prescription