ABSTRACT
This chapter concentrates on the law of land registration – that is, under the Land Registration Act 2002 (LRA 2002). The LRA 2002 and the LRR 2003 contain the details of the system of registered land. The chapter discusses three 'principles' underlying the system of registered land, such as, the mirror principle, the curtain principle, and the insurance principle. The LRA 2002 abandons the 'doctrine of notice' as a method of assessing whether any third-party rights affecting land will bind a purchaser of it. The classification of proprietary rights into four different statutory classes – estates, registered charges, interests which override and interests protectable by registration – is fundamental to the land registration system under the LRA 2002. The LRA 2002 modified the operation and scope of overriding interests in order to minimise their impact on land and to ensure that as far as possible a potential transferee is aware of their existence before purchaser completes the transfer.
