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Land Registration Act 2002 (Protection of Third Party Interests)

The Land Registration Act 2002 (LRA 2002) comes into force on 13 October 2003 and amongst other things, radically changes the procedures and methods by which third party rights in land are protected. The principle changes are:

The system of Notices is extended so that there are two types of Notice, being "Agreed Notices" and "Unilateral Notices".
Cautions against Dealings are abolished.
Restrictions are retained as the only method to reflect a limitation on the power of the registered owner of the property to make dispositions.
Inhibitions are abolished.

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Land Registration Act 2002 (PDF 6pgs)

Further information
This article was written by Derek Williams, head of the Commercial Property Law Group at Sprecher Grier Halberstam LLP, Solicitors. If you would like further information please contact:

Derek Williams
Partner / Head of Department
020 7544 5653
derekw@sghlaw.com

Disclaimer
This article is copyright Sprecher Grier Halberstam LLP.2003 and should not be construed as legal advice or opinion in any specific facts or circumstances. The contents are intended for general information purposes only. You are urged to contact a suitably qualified lawyer for specific advice.