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KembaraXtra – Legal Terms – Indemnity Principle
The indemnity principle is one of the fundamental principles underpinning the system of land registration. It provides that the state guarantees the accuracy of the land register and will compensate individuals who suffer loss as a result of errors in the register.
This principle ensures confidence in the land registration system by shifting the risk of administrative error away from property owners. It operates alongside the mirror and curtain principles to promote certainty, simplicity, and fairness in land transactions.
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