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It reformed the legislation governing the execution of deeds and documents in order to standardise the formal requirements for companies, corporations and individuals. [1] It made amendments to the Law of Property Act 1925, the Companies Act 1985 and the Law of Property (Miscellaneous Provisions) Act 1989. [1]
An Act to make new provision with respect to deeds and their execution and contracts for the sale or other disposition of interests in land; and to abolish the rule of law known as the rule in Bain v. Fothergill. Citation: 1989 c. 34: Territorial extent England and Wales: Dates; Royal assent: 27 July 1989: Commencement: 27 September 1989 (in part)
Execution of documents – Formalities for execution as a deed are further revised, so that a single director can execute a document as a deed on behalf of the company by a simple signature in the presence of a witness. Share capital – the requirement for an authorised share capital is abolished. Companies can redenominate their share capital ...
Therefore, it behooves purchasers and mortgage lenders to record their deeds or mortgages, respectively, to prevent this outcome. Once an instrument affecting the title to real estate has been recorded, the law holds that everyone is deemed to know of its existence, even if they have not searched the records in the recorder's office.
The Law of Property Act 1925 section 85 say that a mortgage requires a deed (under LPMPA 1989 section 1, a document that is signed, witnessed and states it is a deed). Under the Land Registration Act 2002 sections 23 and 27, a notice of a mortgage must be filed with HM Land Registry for the mortgage to be effective.
Millions of people have yet to file their self-assessment tax return with the HMRC as the deadline fast approaches. The tax authority has warned those who fail to do so could face major financial ...
Many jurisdictions have switched or are switching from a deeds registration system to a system of title registration. For example, Hong Kong, one of the last common law jurisdictions to maintain a deed registration system, passed the Land Titles Ordinance in 2004, which will see Hong Kong shift to the Torrens system. The law will be gradually ...
Land law, or the law of "real" property, is the most significant area of property law that is typically compulsory on university courses. Although capital, often held in corporations and trusts, has displaced land as the dominant repository of social wealth, land law still determines the quality and cost of people's home life, where businesses and industry can be run, and where agriculture ...