The Land Registration Act 2002 was probably the most significant piece of property legislation since 1925.
So it’s not surprising that some of its implications are only just being fully understood at the same time as one of its innovations has been superseded.
In our customer magazine Landnet we’re marking the 10-year anniversary of its coming into force by looking at how various aspects of the Act have been interpreted and applied.
We started with a focus on notices and restrictions in Landnet 36 and will be following up subject-by-subject in future issues.
One of those subjects will undoubtedly be overriding interests, for which the 10-year anniversary is particularly significant.
The Act set a deadline of midnight on 12 October 2013 for the registration of certain overriding interests and it’s coming up fast.
Many people are only now waking up to the implications of failing to register their interests while others are being rudely awakened by the delivery of notices informing them of an intention to register the mines and minerals beneath their homes or their liability to pay for church repairs.
We last covered the subject in October 2012, when the deadline seemed near enough. Now it’s just months away.
Another legacy of the Act was the creation of the Office of the Adjudicator to HM Land Registry. Ten years after – and it’s just been abolished and replaced by the Land Registration division of the Property Chamber, First-tier tribunal.