Under the Real Property Act, what happens when a property is sold but the transfer is not registered?
Correct Answer
B) The vendor remains the registered legal owner until the transfer is registered.
Under the Torrens system, the vendor remains the registered legal owner until the transfer is formally registered with the land titles office. Registration is the act that transfers legal ownership, not the contract or settlement alone.
Why This Is the Correct Answer
Under Torrens legislation, registration is what passes legal title. Until the transfer is registered, the vendor remains the registered owner and the purchaser holds an equitable interest under the contract and settlement.
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A person forges the owner's signature on a transfer and becomes the registered proprietor. Under the Torrens statutes, which exception to indefeasibility lets the true owner recover the land from that person?
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Under the Real Property Act, what is required to transfer registered land from one party to another?