Land 5 - Enforcement of Interest reg. land Flashcards
What are triggering events?
Events that trigger registration for both unregistered & registered land
Unregistered: triggers registration for 1st time
Registered: must update register
What triggering events are there?
- Transfer of freehold by sale, gift or court order
- An assent (pass by death)
- Grant of lease of 7 or more years
- Assignment of lease with 7+ years to run
- First legal mortgage with 7+ years to run
- Grant of lease to take place in 3+ months from date of grant
What are registrable dispositions?
Along with their respective requirements, these estates/interests of land must be registered otherwise they won’t be legally recognised
What registrable dispositions are there (legal interests)?
The following require registration to be legal interests:
- Transfer of a registered freehold/leasehold
- Grant of a lease of 7+ years
- Grant of a legal charge
- Express grant/reservation of a legal easement
- grant of LL right of entry (forfeiture).
What is compulsory land registration?
When unregistered land is sold for the first time after 1st December 1990, the unregistered title must be registered
What is the basic rule of priority for interests of land?
Interests of whatever kind take priority over later dispositions
What is the exception to the basic rule of priority?
Where a transaction is for valuable consideration (i.e. not gifted or inherited), new owner is only bound by
- properly registered registrable dispositions (legal),
- interests protected by notice (equitable) and/or
- overriding interests (equitable and legal)
Basic rule, therefore, only applies to transactions not for valuable consideration
What are 2 methods of protecting equitable interests and their definitions?
- Notices: entering a notice on Charges Register of burdened land - binds subsequent purchasers
- Restrictions: short-term entries that direct purchaser to do something specific to properly register purchase; don’t last beyond ownership e.g. short leases and beneficial interest in trust.
What interests are protected by notice?
All equitable interests:
- Restrictive covenants
- Equitable easements
- Estate contracts
- Legal lease > 3 years but < 7 years (optional)
BUT NOT TRUST INTERESTS
What interest is protected by a restriction?
Beneficial interests under a trust only
What is the concept of overreaching?
- applies only to interests in land held by trust,
- a purchaser must pay money to at least 2 trustees to detach the beneficial interest.
- The interest applies to the money now, not the property, applies to both registered and unregistered land,
What happens if a purchaser does not overreach a beneficial interest?
The interest will bind the purchaser as an overriding interest (as long as the beneficiary is in actual occupation of the land)
What are overriding interests?
Interests which will bind a purchaser for value even though not registered
What are 3 common overriding interests?
- Legal leases, 7 years or less
- Equitable interests by people in actual occupation
- Implied legal easements
Which unregistered interests require actual occupation to be overriding?
- Estates interests
- trusts of land interests