Under BC's Land Title Act, which of the following best describes the Torrens system of land registration?
Correct Answer
A) A system of title registration where the state guarantees indefeasible title
BC uses a Torrens-style system in which the registered indefeasible title is conclusive evidence that the registered owner holds the fee simple (Land Title Act s. 23(2)), backed by the province's assurance fund. The guarantee does not extend to boundaries: s. 23(2)(h) preserves a person's right to show that land was improperly included in a title by wrong description of boundaries or parcels.
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A buyer is purchasing a resale condominium unit in Alberta from its current owner. Under the Condominium Property Act, how does the buyer obtain the corporation's prescribed information and documents?
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Under Ontario's Land Titles system, which government record shows the registered owner and the instruments affecting a property, backed by the Land Titles Assurance Fund?