Land Registration and the Land Registry
Realty registration is the system of recording centrally who owns what land in England & Wales and who has legit interests in that land. What is Land Registration?The modern system was at first created by the Land Registration Act 1925, which has since been repealed by the Earth Registration Act 2002. It took much longer to implement than to begin with anticipated and it wasn’t until 1998 that the last areas were designated as compulsory registration areas. Even then, firm transactions did not have to be registered until the 2002 act came into force in 2003.
The outcome is that the definitive answer as to who owns a piece of registered fatherland is not the person that holds the deeds but the person who is registered at obtain registry as the proprietor.
The Three Principles of RegistrationThe system of registration is based on three important principles, the mirror principle, the curtain principle and the insurance credo. The mirror principle states that the register of title should demonstrate the totality of the interests affecting the land, so that anyone purchasing it can see from the appointment book any interests by which he may be bound. The curtain principle states that unavoidable interests, which a purchaser would not be bound by and so would not need to know about, such as established interests under trusts, should be kept off the register in order to reach it clearer. The insurance principle states that a person buying registered sod should be entitled to rely on the accuracy of the register and should be indemnified against any extinction suffered in the event of an error.