UK Capital Investment Group discusses the Land Registration Act of the UK parliament. Enacted in 2002, the Land registration Act of UK regulates the role as well as the practices of the HM Land Registry. The Act clearly states that it makes provisions about land registration and for connected purposes. As an investor or purchaser of immovable property in the UK, it is essential for individuals and groups to have working knowledge of the Land Registration Act.
Capital investments in property need to be secured by registering the title to the land or building or estate. As an investor of money in any kind of property, you need to register your property with a registrar under the provision of the Act. It is essential to take the help of a property lawyer to understand what titles require mandatory registry or which ones can be registered voluntarily. Registration of freehold and leasehold properties has different provisions under the UK Land Registration Act. While investing funds in property, you need to add the cost of registration to the cost of the property.
UK property business’ registration law has been simplified and modernized with the Land Registration Act 2002. Along with the Land Registration rules, this Act now gives a more clear title to land for purchased, inherited or transferred properties
UKCIG gives information on the UK Land Registration Act 2002
June 4th, 2010 by admin Leave a reply »
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