WebNov 22, 2024 · Overreaching by a mortgagee. Overreaching is a statutory mechanism available to a mortgagee (among others) to confer title on the buyer free from charges and encumbrances ranking subsequent to the mortgagee’s security. Overreaching is also available in receivership sales, by ensuring that the mortgagee, rather than the receiver … Web2 Conveyances overreaching certain equitable interests and powers. (1) A conveyance to a purchaser of a legal estate in land shall overreach any equitable interest or power affecting that estate, whether or not he has notice thereof, if— (i) the conveyance is made under the powers conferred by the [15 Geo. 5. c. 18.] Settled Land Act, 1925, or any additional …
Under the Land Registration Act 1925 Overriding Interests …
Web1. It must be an interest protected in accordance with Sch.3 LRA 2002. 2. Such interests include: a. The grant of a leasehold not exceeding 7 years. b. An interest protected by actual occupation (next slide). c. Legal easements and profits save where not within actual knowledge and not obvious upon careful inspection (unless used within last year). WebMar 28, 2016 · Traverse City, Michigan. Coordinated all accounting and administrative tasks for a full-service pipeline and operating company. Maintained lease files, shut-ins, royalty payments, joint interest ... forma botte
Overriding Interests and Minor Interests Lecture - LawTeacher.net
WebApr 21, 2024 · Legal title is held by an individual, the beneficial interest is held by an LLP. Can a company purchaser of the legal and equitable interest in the property do so by overreaching the interest of the company even if no consideration is paid by the buyer? A second trustee would be appointed with the individual in the transfer deed. WebOct 15, 2024 · Williams and Glyn’s Bank v Boland – there was one trustee so overreaching did not apply. If the interest cannot be overreached, the purchaser will take property subject to the interest. Unregistered land. As mentioned, there are two types of interest: legal estates and interests OR equitable estates and interests. WebAug 16, 2016 · The owner at law may not be the same person as the beneficial owner. A beneficial owner is a person entitled to the benefit of the land and on their death the equitable interest may not pass in the same way as the legal ownership does. The register does not guarantee that the proprietor is the beneficial owner and that they own the land … difference between society and association