land

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One of the key features of the land registration system is said to be the “mirror principle”. With reference to decided cases critically examine this principle and explain to what extent this feature has been enhanced by the implementation of the Land Registration Act 2002

There are two forms of the land registration system; unregistered and registered land. There are four rules that apply to unregistered land in order to protect the rights of sellers and buyers. When land is unregistered all prior legal interests will automatically bind the new owner of the land; this is because The Charges Act 1972 contains a list of burdens on unregistered land requiring protection of the land by entry in to the land charges register. If the land is subject to a trust then the buyer need not worry about any beneficiaries for when the buyer pays the trustees the beneficiaries interests become detached from the land and the money. Due to the Land Registration Act 2002 all unregistered land at the point of sale is required to be registered now.
The Land registration Act 2002 extends the range of events which trigger compulsory first registration making all titles to land registered. The primary aim of the LRA 2002 is to ensure the quick, efficient and inexpensive transfer of estates and interests in land while ensuring that third-party interests in land are properly protected. The interest must be a proprietary interest in the land for example possessory rights or an estate contract. Beneficial interest under a trust of land is sufficient as seen in the case of Boland; mrs boland’s husband the sole proprietor mortgaged the house to thebank and was unable to pay the loan. This led to the bank wanting to sell the house. The HOL decided that...

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...hey were stated on the land registry. As we have seen one of the main reasons for this not happening is because of the time and money consumption occurred when carrying out such a process. However; the LRA 2002 has made this process much cheaper and quicker and could be even cheaper and quicker woth e-conveyancing whereas the process of a potential buyer having to go to great lengths to make an investigation is rather farfetched and somewhat costly and coulld all be avoided if the interests were recorded. Even though the LRA 2002 encourages land registration, it is only at first registration; which doesn’t seem to solve the problem because they are mainly caused at second mortgages. By having interests registered, potential buyers feel assured that thanks to the mirror principle, what they see is exactly what they are getting.

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