The impact of the Land Registration Act 2002 on the conveyancing Essay

The impact of the Land Registration behave 2002 on the transfer process in registered come - Essay ExampleIt served well for nearly 80 years and was capable to cope with the fundamental economic and social changes that took place over that time. Today, nearly all land is registered land and the system underwent significant reform with the enactment of the Land Registration Act (LRA) 2002 that entered into force on 13 October 2003. The Land Registration Act 2002 has been received with much critical acclaim, and rightly so. It is a work of massive importance and monumental effort. Law Commission Report No 271 was itself the last in a massive series of Reports discussing, proposing, rejecting and recommending changes to the fundamentals of the land adjustment system established by the Land Registration Act 1925 . As is well known, the Act of 2002 is designed to revolutionize conveyancing in England and Wales and to bring the land registration system established by the 1925 Land Re gistration Act into the modern age. In fact LRA 2002 was mainly designed to facilitate e-conveyancing that is the holding and transfer of estates and interests in land electronically. This goal of a virtually publisher free conveyancing system has not yet been achieved because the e-conveyancing provisions of the LRA 2002 have not yet been triggered , moreover the structure of registered land under 2002 Act is designed to ensure that e-conveyancing will work when the remaining scientific issues have been resolved.