Land Registration Systems Flashcards
6 cards from real OREA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Land Registration Systems flashcards as text
In Ontario, what is a 'transfer/deed of land' in the land registration context?
Answer: The legal document that conveys ownership of property from the seller (transferor) to the buyer (transferee)
A transfer (formerly called a deed) is the legal document used to convey ownership of real property from the transferor (seller) to the transferee (buyer). In Ontario's electronic system, it is registered electronically as a 'transfer.'
What are 'land titles conversion qualified' (LTCQ) properties in Ontario?
Answer: Properties converted from the Registry system to the Land Titles system but with limited title guarantee due to the lack of a full title search
LTCQ properties were converted from the Registry system to the Land Titles system without a full title search. They carry a qualified title guarantee, meaning some historical title defects may not be covered by the Land Titles Assurance Fund.
In Ontario, what is a 'charge' in the Land Titles system?
Answer: The equivalent of a mortgage — a registered interest securing a debt against the property
In the Land Titles system, a mortgage is referred to as a 'charge.' The borrower is the 'chargor' and the lender is the 'chargee.' The charge is registered against the property to secure repayment of the loan.
What is a 'discharge' of a mortgage/charge in Ontario's registration system?
Answer: A registered document that releases the property from the security of the mortgage/charge after the debt has been paid
A discharge is a document registered on title that removes the mortgage (charge) from the property's title, confirming that the secured debt has been fully paid and the lender no longer has a claim against the property.
In Ontario, what is the concept of 'notice' in land registration?
Answer: The principle that registration of a document provides constructive notice to the world of the interest claimed, and knowledge of an unregistered interest may constitute actual notice
Notice in land registration can be constructive (through registration on title) or actual (personal knowledge). Once a document is registered, the world is deemed to know about it. A person who has actual knowledge of an unregistered interest may also be affected by it.
What is a 'parcel register' in Ontario's land registration system?
Answer: The official record maintained for each property that lists the owner and all registered interests affecting the property
The parcel register is the central record for each property in the Land Titles system. It identifies the current owner, the legal description, and lists all registered interests (charges, easements, liens) affecting the property. It is the definitive record of title.