Land Registration Flashcards
Transfer of real rights in heritage: 3 steps?
Contract (missives)
- Conveyance (settlement)
- External Act (registration)
What is contained at the missives stage of transfer?
Seller has right to money offered and buyer has right to marketable(good) title
- Also has right to title with no subordinate real rights
(unrealistic standard so burdens okay so long as not overly onerous or unusual)
Before buying what will buyer so?
Examine title to ensure seller can fulfil obligations. Make sure sale is good
As the process goes along what will the guyer continuously do?
Check that the seller is solvent to avoid voidable title
What is involved at the conveyance stage?
Disposition: piece of paper representing ownership)
- Handed from seller to buyer(settlement).
- on settlement day keys to the house are handed over.
What is involved in the external act?
Registration in the Register of Scotland
before 1980’s was Sasine Register
What act created and structured the Land Register in Scotland?
Land Registration ect (Scotland) Act 2012
What are the key features of the land register?
- maintained by the Keeper of the Registers of Scotland
- Actually an office full of people do the work, not just the Keeper
- Covers all of Scotland
- Publicly accessible for fee
What does s2 of the Land Register Soctland Act 2012 set out?
That there will be 4 [parts to the register
What are the 4 parts outlined in s2?
- cadastral map (map of scotland that show who owns everything)
- title sheet record
- Archive Record
- Application Record
What is contained on the title sheet record?
tells you who owns what, their name and address of ownership
What is contained on in the Archive record?
The documents you have when you apply to the keeper to have your land registered
(may include details of planning permission you received, so if any problems you can go back and check)
Application Record contains?
Any documents you’ve give the Keeper that she hasn’t registered yet (like a queue for registration)
What 4 sections are contained on a title sheet?
- property sheet (s5)
- proprietorship section (s7)
- securities section (s8)
- burdens section (s9)
What is contained in the property sections??
s5 Land Register (s) act 2012
Reference to cadastral map, postal address.
Additionally info about boundaries.