LAW 603 Chapter Notes - Chapter 90: Blackacre, Title Search, Mortgage Fraud
14 Nov 2016
School
Department
Course
Professor
Document Summary
Many interests exist in a single piece of land: a fee simple, a life estate, a lease, an easement, a restrictive covenant, etc. Necessary to keep track of all these interests; if you intend to purchase a particular property, you will want to know exactly what you are getting for your money. You will be able to rely upon one of two registration systems which document the existence of interests in land. Used in four atlantic provinces, as well as part of manitoba and ontario. Provides an opportunity to inspect and evaluate documents that may affect real property. Allows you to satisfy yourself that the owner is the end of a good chain of title: a series of transactions in which ownership was validly passed from one person to the next. It is only necessary to go back a much shorter period (e. g. 40 years)
