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KembaraXtra – Legal Terms – Land Charge
A land charge is a type of interest affecting unregistered land that imposes obligations on the landowner for the benefit of another party. These charges must be properly registered to bind future purchasers.
Examples include equitable mortgages, restrictive covenants, and rights of pre-emption. Statutory land charges may also arise, such as rights under family law or tax obligations. The registration system ensures transparency by allowing potential buyers to discover existing obligations before acquiring the land.
A land charge is a type of interest affecting unregistered land that imposes obligations on the landowner for the benefit of another party. These charges must be properly registered to bind future purchasers.
Examples include equitable mortgages, restrictive covenants, and rights of pre-emption. Statutory land charges may also arise, such as rights under family law or tax obligations. The registration system ensures transparency by allowing potential buyers to discover existing obligations before acquiring the land.
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