Explanation Of Property Acts In The UK
21 September 2016
In the United Kingdom, there have been many changes to laws regarding property and how land is to be purchased and dealt with by citizens of the land. It is a good idea to be clued up on these acts, in order to know the details of these laws and when they were enforced. Here are the principle property acts that are currently implemented in the UK.
Law Of Property Act (1925)
This statute was introduced by Lord Chancellor Lord Birkenhead nearly a century ago, in order to modernize the English law on real property. It deals mainly with the transfer of property by deed and lease. There are 12 parts to this act, including rules set out for mortgages, rent charges and power of attorney, wills and probates, and leases and tenancies. Even though there have been amendments made when future laws were put in place, this act still provides the core of English land law.
The Land Registration Act (2002)
This act was brought in to replace the earlier Land Registration Act of 1925, as society had drastically changed from the 20th century. This updated version intended to simplify and modernize the law of land registration, reflect the accurate picture of land titles, and also to introduce the facilitation of e-conveyancing. Also in 12 parts, it explains in depth the statutes regarding registration of land and also highlights reforms to the adverse possession law.
The Trusts of Land and Appointment of Trustees Act (1996)
The Settled Land Act (1925) was repealed in favour of this as problems had arisen with regard to the former act, particularly when partners of a property could not agree on terms of a sale – especially if the partners were legally divorced or separated, which could lead to situations were a spouse and any children were left homeless. This issue was addressed in the new act, and in its 3 parts it explains what trust of land means and sets out the functions of the trustee(s) of a land. This act also in part reformed the Trustee Act (1925) in terms of updating the regulation of trustees’ powers and appointment.
Land Charges Act (1972)
Replacing the Land Charges Act (1925), this statute deals with the registering of the charges on unregistered land in England and Wales. There’s not much content in this act in terms of rules and regulations, but the act does explain the effect of land charges and how to go about registering a land charge.
These acts are the foundation of real property laws in the United Kingdom. Of course, there are many more acts to be observed, but knowing what these important statutes mean will give everyone a better grasp on the laws of the land with regards to property.