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Land Registration Act 2002: Mirror Principle

   

Added on  2020-02-03

10 Pages1732 Words162 Views
Law
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Property Law
Land Registration Act 2002: Mirror Principle_1

Table of ContentsINTRODUCTION...........................................................................................................................31........................................................................................................................................................3The Land Registration Act, 2002 and Mirror Principle..............................................................3CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................7
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INTRODUCTIONLaw is a concept in which the regulations and rules and regulations are created andenforced with the help of societal and governmental institutions for effective regulation ofbehaviour (Chisum and et. al., 2011). There are many forms of law, that can be characterised asproperty law, business law, corporate law etc. It can be noted that in this present report, propertylaw will be discussing. In this present report, The Land Registration Act, 2002 will beillustrated. In addition to this, concepts related to the said act has also been discussed. Also,discussion and explanation in regard to the land registration act will be demonstrated. 1.The Land Registration Act, 2002 and Mirror Principle“The Land Registration Act, 2002” is an act which has been registered in the parliamentof UK as an act. It comprises of the regulation of role and activity of HM land Industry. It dealsin the registration of the land in UK (Colston and et. al., 2010). It is the governing regulationwhich has replaced the previously registered act that is “The Land Registration act 1925”. Thislaw came into force with a purpose to response with the law commission and HM land Registryreport. In accordance with the secstion 4 of The Land Registration Act, 2002 , registration ofland in UK is mandatory in case of happening of any of the case :In the case of transfer of a freehold property in heading of sale, gift or any othersituations.Lawful lease is acknowledged for seven years or more. Transfer of a legal lease of more than seven years. To allot the first legal charge.Also, it can be evaluated that the person who fails to register will not be liable to take dueadvantage of the priority rules that has been specified in provisions of section 29 and 30 of thecited act.
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