Law 5110 Study Guide - Quiz Guide: Consideration, Land Registration Act 2002, Fee Simple
Document Summary
A transfer of a property interest by its owner by some act: for example, a sale, a gift or under a will. The dispone is the person who receives the interest following a disposition. A purchaser is an example of a dispone. If you"re the registered owner of the estate, under s23 of the lra, as the owner of the estate, you are said to have all the powers needed to dispose of that interest. S23(1)(a); the owner of that estate has the power to make a disposition of any kind permitted of the general law. This confirms to purchasers who has the powers to sell or charge (mortgage) the estate. There are some dispositions that require registration afterwards: For example, if it"s a lease of more than 7 years, it requires a disposition. This is all listed in s27 of the land registration act. So some dispositions require registration in order to be legal.
