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Creation of a unit title is a type of subdivision and so requires the approval of the relevant territorial authority under the Resource Management Act 1991, [11] as well as under the Unit Titles Act 2010. [12] A unit plan must be deposited with Land Information New Zealand and new titles issue in respect of each principal unit. [13]
The record title system differs significantly from land registration systems, such as the Torrens system, that have been adopted in a few states. The principal difference is that the recording system does not determine who owns the title or interest involved, which is ultimately established through litigation in the courts.
The JMC acts on behalf of the JMB who has the responsibility to maintain and manage the building pending the issuance of individual strata titles. After strata titles are issued by the Land Office, the developer is responsible to call for the first Annual General Meeting of the Management Corporation.
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.
Assignment of Legal Title to Stocks represented by Standard Oil Trust, issued 17. July 1897. When a contract for the sale of land is executed, equitable [interest/title] passes to the seller to the buyer. When the conditions on the sale contract have been met, legal title passes to the buyer in what is known as closing.
The LTSA was established under the Land Title and Survey Authority Act in January 2005 and provides for the registration of all real property ownership and land interests, and all private and Crown land surveys through two divisions: Land Title Division – ensures the continued integrity of BC’s Torrens title system for registering land ...
The Real Property Act 1860 (23 & 24 Vict. c. 11), "An Act to consolidate and amend certain Acts relating to the transfer ad encumbrance of freehold and other interests in land" (17 October 1860) [17] and the Real Property Act 1861 (24 & 25 Vict. c. 22), "An Act to amend the Real Property Act of 1860" (3 December 1861) [18] [19] were the main ...
Irish Registration of Deeds revenue stamp of 1902. Deeds registration is a land management system whereby all important instruments which relate to the common law title to parcels of land are registered on a government-maintained register, to facilitate the transfer of title.