🏛 General

What are the main principles to cover in registered land?

1 answers
Answered Aug 19General
Allyx GuittardHard-working tutor and undergraduate at University of Oxford4 students helped

There are three main principles. 1. The Mirror Principle This is the principle that the register acts as a mirror that accurately and comprehensively displays the facts of the land and the interests and title(s) found within it. 2. The Curtain Principle This is the idea that the register should be the main and sole source of information for potential buyers. Purchasers need not be concerned with what’s “behind the curtain”, such as the transactions or trusts taking place before the sale. 3. The Insurance Principle As the register is guaranteed to provide a true reflection of title, this principle is that the State pays an indemnity (compensation) where there is an error that causes loss.