Interesting article about the Torrens system of land registration in NZ
http://www.nzherald.co.nz/business/n...0653688&pnum=0
Note that the Certificate of Title is guaranteed by the crown.
Printable View
Interesting article about the Torrens system of land registration in NZ
http://www.nzherald.co.nz/business/n...0653688&pnum=0
Note that the Certificate of Title is guaranteed by the crown.
Yes, it is. And has been since the first Land Transfer Act in 1870.
Good, eh.
Also worth noting:
"The other very positive aspect of the Landonline system is the speed and efficiency of electronic registration. Land transactions that would have taken weeks or even months to complete under the paper-based system can now be registered the same day. New Zealand also ranks very highly in international comparisons of property registration systems," Muir said.