16641 Lecture Notes - Lecture 5: Deeds Registration, Conveyancing, Bmw S38
Document Summary
Lecture 05 property law (pages 11 19) The torrens system: under os title (and deeds registration), title in land is historically derived: Adverse possession + series of dealings: torrens title introduced to solve perceived defects in this system and make conveyancing more efficient. The torrens register: deposited plans, ct"s current and historical search, first and second schedule. The register: a complete record of land details, under section 31b (2) of the rpa it must include: Dealings: recordings can be manual and computerised, references are to dp nos. (deposited plan) Folios: under s32(1) rpa, r-g creates a folio by recording: Description of the registered proprietor (first schedule) Any other estates or interests affecting the land (second schedule) Property management authority formerly known as the land titles office) to enable a registered dealing to take place on the title. Dealing register: you will see many references to this under the rpa, section 3(1)(a) rpa provides that a dealing is:
