Land Title and Registration in BC Flashcards
7 cards from real BC Real Estate Trading Services Course practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Land Title and Registration in BC flashcards as text
What is the key legal difference between joint tenancy and tenancy in common in BC?
Answer: Joint tenancy includes the right of survivorship; tenancy in common does not
In joint tenancy, if one owner dies their interest automatically passes to the surviving owners (right of survivorship), whereas in tenancy in common each owner's share passes through their estate.
In BC, what does an easement registered on a property's title allow the easement holder to do?
Answer: Use a defined portion of the land for a specific stated purpose
An easement grants the holder the right to use part of another person's land for a defined purpose, such as access or running utility lines.
Under the Land Title Act BC, the term 'charge' broadly refers to:
Answer: Any registered interest in land other than freehold ownership, such as a mortgage or easement
In BC land title law, a 'charge' encompasses any registered encumbrance or interest against a property, including mortgages, easements, and covenants.
When two charges are registered against the same BC property, how is priority between them generally determined?
Answer: Priority is generally determined by the order in which the charges were registered
Under BC's Torrens system, the priority of registered charges is generally determined by the order of registration — first registered means first priority.
How does BC law treat adverse possession (squatter's rights) for land registered under the Torrens system?
Answer: It has been abolished in BC for Torrens-registered land, protecting the registered owner's title
BC abolished adverse possession for Torrens-registered land; indefeasibility of title protects registered owners against claims based on long-term occupation.
What does a title search at the LTSA primarily involve in a BC real estate transaction?
Answer: Reviewing registered documents to determine ownership, charges, and encumbrances affecting the property
A title search involves reviewing the registered documents at the LTSA to identify the current owner, all registered charges, and any encumbrances affecting the property.
British Columbia's Property Transfer Tax (PTT) is primarily intended to:
Answer: Raise provincial government revenue on the transfer of real property
PTT is a provincial tax imposed on buyers when real property is transferred in BC, calculated as a percentage of the property's fair market value.