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Torrens title is a land registration and land transfer system, in which a state creates and maintains a register of land holdings, which serves as the conclusive evidence (termed "indefeasibility") of title of the person recorded on the register as the proprietor (owner), and of all other interests recorded on the register.
An Act for simplifying and improving the practice of Conveyancing; and for vesting in Trustees, Mortgagees, and others various powers commonly conferred by provisions inserted in Settlements, Mortgages, Wills, and other Instruments; and for amending in various particulars the Law of Property; and for other purposes.
In law, conveyancing is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or a lien. [1] A typical conveyancing transaction has two major phases: the exchange of contracts (when equitable interests are created) and completion (also called settlement, when legal title passes and equitable rights merge with the legal title).
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Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord.Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land.
The Rule in Shelley's Case is a rule of law that may apply to certain future interests in real property and trusts created in common law jurisdictions. [1]: 181 It was applied as early as 1366 in The Provost of Beverly's Case [1]: 182 [2] but in its present form is derived from Shelley's Case (1581), [3] in which counsel stated the rule as follows:
The Powers of Trustees, Mortgagees, etc. Act 1860 (23 & 24 Vict. c. 145), sometimes referred to as the Lord Cranworth's Act 1860, [2] was an Act of the Parliament of the United Kingdom. The Act sought to formalise and regularise various provisions commonly included by chancery lawyers of the day in mortgages, wills and other settlements.
They are regulated by the Conveyancers Licensing Act 2003 [4] and the Conveyancers Licensing Regulation 2015. [5] Licensed conveyancers must complete a Diploma or Advanced Diploma in Conveyancing, as well as practical training under the supervision of an Australian Legal Practitioner. They must be 18 years of age and considered able to perform ...