What does the Real property Act 1900 do?
An Act for the declaration of titles to land and the facilitation of its transfer. The Act establishes the Registrar-General as responsible for the administration of the Act and requires the recording of title particulars on a Register for land.
What is the long title of the Real property Act 1900 NSW?
An Act to consolidate the Acts relating to the declaration of titles to land and the facilitation of its transfer.
What is a charge real property?
A Charge taken by Legal Aid NSW is an equitable charge. It is a form of security over land similar to a mortgage except that it does not convey or assign any legal title in the property. The Charge gives Legal Aid NSW a caveatable interest under the Real Property Act 1900 (NSW).
What is a covenant chargee?
“Covenant chargee” —The proprietor of a covenant charge. “Covenant charger” –The proprietor of land or of any estate or interest in land subject to a covenant charge.
Does a profit a prendre run with the land?
A profit (short for profit-à-prendre in Middle French for “right of taking”), in the law of real property, is a nonpossessory interest in land similar to the better-known easement, which gives the holder the right to take natural resources such as petroleum, minerals, timber, and wild game from the land of another.
What is Indefeasibility in property law?
Indefeasibility of title means that the registered title of real property (land or buildings) determines who has the priority interest or ownership of such property.
What is a title of legislation?
In reference to an act, (such as Title VII of the Civil Rights Act), the word title refers to a large portion or subset of the act. For example, Title VII of the Civil Rights Act is codified in Title 42 of the United States Code.
What is the meaning of Torrens title?
Torrens title means you are the sole owner of the property
‘Torrens’ refers to a land title system, where the owner of the property owns the land and the building on it. With a Torrens title, you secure your land through registration of title (an alternate system to deed titles).
What is land in property law?
n. real property, real estate (and all that grows thereon), and the right to minerals underneath and the airspace over it. It may include improvements like buildings, but not necessarily. The right to use the air above a parcel of land is subject to height limitations by local ordinance, state or federal law. …
What is a charge on title?
A charge is an interest in land less than the fee simple estate that is registered on the title, such as a mortgage, easement, statutory right of way, claim of lien or judgment. Charges are shown in the Charges, Liens and Interests section on the title.
How do you enforce a charge on a property?
A charging order only secures the judgment debt, it does not satisfy it. If the debtor does not satisfy the judgment or order, the creditor can enforce the charge by seeking an order for sale of the charged asset.
What does a charge on a company mean?
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan. The rights are often in the form of security given over a company asset or group of assets.