A CONVEYANCING transformation?
The Land Registration practise 2002 received Royal combine on 26th February 2002. The Law Commission considered that the [Act] will read about an unprecedented conveying revolution within a comparatively short time. It will also make other(a) profound changes to the substantive law of nature that governs registered land. These changes, taken together, are potential to be even more far-reaching than the great reforms of property law that were made by the 1925 property legislation.[1] Is this right? Is the Act a revolution and if so, how long has the profession got to adapt?
Timescale of executing: It is not envisaged that any of the provisions of the Act are to be brought into effect immediately. The Act can and will be brought into repel in stages and it is currently envisaged that this will not commence until the twilight of 2003. Much of the detail of the new system will be embodied in new Land Registration Rules which apply to be the subject of consultation prior to being made. Whilst the conceptualization of the draft rules for consultation is well advanced, they have yet to be published.
Accordingly, practitioners have a short but relatively cheery window in which to familiarise themselves with the new system in the first place having to deal with it in practice.
Why change? The policy toilet the Act: Certainly the Land Registration Act 1925 has attracted assorted judicial and academic criticism over the last 75 years or so in relation to well-nigh of its provisions. However, it is not for this reason that it has been repealed. the Act has been passed for one purpose: namely, to empower in place the legislative framework to enable conveyancing to be conducted electronically. All the changes wrought by the Act (with, perhaps, the excommunication of those relating to adverse possession) are designed to facilitate electronic conveyancing and to do so by causing the register kept by HM Land Registry to be as complete and...If you want to get a full essay, revise it on our website: Ordercustompaper.com
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