Property Title Classes Flashcards
What is title absolute?
The best and most common class of title. It indicates that there are no issues and the proprietor has satisfied the land Registry that it is the true and proper owner of the property
What is qualified title?
Where there is a specific defect in the title
What is possessory title?
It is granted at the time of first registration of the title to the land where the unregistered title was based either on adverse possession or on title deeds which have been lost or destroyed
What is required for possessory title to be granted?
It can only be granted if the applicant for first registration is in actual possession of the land or in receipt of the rents or profits from it
What is good leasehold title (leasehold only)
Granted when the leaseholder cannot provide evidence of the landlord’s title to land
Can good leasehold title be upgraded?
It can be easily upgraded if the landlord’s title has been registered since the grant of the lease
What does a title plan show?
It shows the general position of the legal boundaries of the registered title