Sunday 3 April 2011

4 - Transfer and Creation of Property Interest

Source: Unlocking Land Law

This chapter deals with actual process and intricacies involved in transfer of interest. I suppose this should be treated as introduction to the book - CLP's Property Law and Practice. After reading this chapter, one should have command over the following:

1) Stage involved in a property transfer - Pre-contract, Exchange of contract and transfer

2) Pre-contract stage - Gaszumping and Gazundering, sellers pack (I think this is no longer required now), lock out agreement

3) Exchange of contract - essential requirements, single contract v collateral contract, exception to the essential requirements (ie lease for less than 3 years, contracts in the course of public auction, collateral contracts, proprietary estoppel, enforcement of contract

4) Transfer - Transfer of unregistered land v registered (this difference appears to be important)

5) E-conveyancing

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