The Land Registration Bill has now been granted Royal Assent.
Royal Assent was granted on 26 February 2002. However the Lord Chancellor’s Department has indicated that the provisions of the Land Registration Act will not take effect for another 12 to 18 months.
“The Act will make some significant changes to the law when it comes into force,” says David Pettingale, a partner at Wragge & Co.
“The compulsory registration of leases granted for more than seven years will perhaps have the most significant short-term practical effect. New provisions regarding priorities of charges and a new regime for acquiring title by adverse possession are also notable.
“However, the creation of the framework for electronic conveyancing will surely herald the most profound change in conveyancing practice in the medium term.”
It is expected that consultation on the detail that will fit within the framework, including new Land Registration Rules, will follow shortly.
References: Propert-e News 28/2/02
