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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 .
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)
The Act implemented recommendations made by the Law Commission of England and Wales in their 1987 report Deeds and Escrows [4] and replaced seals with the requirements that the document had to explicitly state that it was being executed as a deed, and had to be witnessed. [5]
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 ...
The names of these offices are usually the "Recorder of Deeds" or something similar. State statutes also prescribe the following elements: What instruments are entitled to be recorded, usually deeds, mortgages (whether or not in the form of deeds of trust), leases (usually longer term varieties), easements, and court orders. There is generally ...
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.
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
HM Land Registry is internally independent and receives no government funding; it charges fees for applications lodged by customers. The current Chief Land Registrar (and CEO) is Simon Hayes. [6] The equivalent office in Scotland is the Registers of Scotland. Land and Property Services maintain records for Northern Ireland.