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Transfers and assignments


Section 52(1) of the Law of Property Act 1925 (LPA 1925) requires that a transfer of a legal interest in land is made by deed.

The fundamental objective of the Land Registration Act 2002 (LRA 2002) is 'total registration', where the register of title provides a complete and accurate reflection of the state of the title to the land at any given time. LRA 2002, s 4 requires the buyer of an unregistered freehold or lease with more than seven years unexpired (ie a qualifying estate) to apply for first registration.

The Land Registration Rules 2003, SI 2003/1417 (Land Registration Rules) deal with the background technical detail of registration and HM Land Registry has issued a number of Practice Guides.

Transfers

The Land Registration Rules prescribe the form of transfer that should be used to transfer a qualifying estate. These are:

  1. •

    TR1—Transfer of whole

  2. •

    TP1—Transfer of part of registered title(s)

  3. •

    TR2—Transfer of whole of registered title(s) under power of sale

  4. •

    TP2—Transfer of part of registered title(s) under power of sale

  5. •

    TR5—Transfer of portfolio of titles (whole or part)

  6. •

    ´¡³§1—A²õ²õ±ð²Ô³Ù

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This week's edition of Property weekly highlights includes: cases on the Contracts (Rights of Third Parties) Act 1999, equitable accounting by a mortgagee, modification of restrictive covenants, tenants’ insurance payments and exemption from business rates, a consultation and a working paper on planning reforms to boost housing delivery, consultations on biodiversity and updated guidance on higher-risk buildings.

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