LAW 603 Lecture 16: LAW603 - Chapter 16
16 May 2016
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Registration system: variety of interest may exist in a single piece of land: a fee simple, life estate, lease, an easement, restrictive covenants etc. The 40-year rule applies meaning that you are responsible for searching. Provides an opportunity to inspect and evaluate documents that may affect. To manage your risk, register the transfer documents as soon as the transfer occurs. The government"s role in this system is passive; it provides access to the. Competing claims for titles in land are generally resolved by the timing of. Shreya wants to buy kavina"s cottage, but s is not sure k is actually the owner through records and make sure k is a good chain of title. Before s makes any final decisions, s can visit the registry office, search. Ideally, best to leave this to an expert (ie. a lawyer specializing in real estate)
