Land Registration Act 2002: Something About to Register?
The Land Registry is losing all its inhibitions and throwing caution to the wind, somebody recently quipped at a seminar on the Land Registration Act 2002, due to come into force on 13 October 2003.
The witticism stems from the fact that among the winds of change brought by the Act, the lodging of inhibitions and cautions (particular methods of putting a damper on other people's registered title) will become a thing of the past. Well, not quite, but more on that below.
Deeds
There are all sorts of changes afoot. Paper deeds will become hardly worth the paper they are written on, as all information will be stored electronically on the register. (The paper might actually be worth quite a lot as deeds become increasingly rare...
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