Transfers and assignments

Section 52(1) of the Law of Property Act 1925 (LPA 1925) requires that a transfer of a legal interest in land is made by deed.

The fundamental objective of the Land Registration Act 2002 (LRA 2002) is 'total registration', where the register of title provides a complete and accurate reflection of the state of the title to the land at any given time. LRA 2002, s 4 requires the buyer of an unregistered freehold or lease with more than seven years unexpired (ie a qualifying estate) to apply for first registration.

The Land Registration Rules 2003, SI 2003/1417 (Land Registration Rules) deal with the background technical detail of registration and HM Land Registry has issued a number of Practice Guides.

Transfers

The Land Registration Rules prescribe the form of transfer that should be used to transfer a qualifying estate. These are:

•
TR1—Transfer of whole
•
TP1—Transfer of part of registered title(s)
•
TR2—Transfer of whole of registered title(s) under power of sale
•
TP2—Transfer of part of registered title(s) under power of sale
•
TR5—Transfer of portfolio of titles (whole or part)
•
AS1—Assent

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