what are the risks associated with not conducting a thorough title search

Torrens title property is property in which the title is under the supervision of the District Court. Under the Torrens title system, land title is guaranteed by the State Government. In effect, the State Government promises that the registered land owners ... Old System title (or common law). 3. Torrens title (or Real Property Act). Approximately 50 per cent of land in NSW is Crown land leasehold (Western and Central ... Strata title simply means that there are multiple owners of properties on one piece of land where all owners are responsible for the areas that are shared known ... Feb 2, 2025 ... Since for any one transaction the costs are higher to get into the Torrens Title system than transfer a deed, so every party to each transaction ... Oct 10, 2023 ... A property such as a villa, townhouse or unit however is usually purchased under Strata. When you buy one of these properties, there are 'common ... "Torrens" is a system of land registration. The Torrens system was enacted into law in 1908 and is currently embodied in Article 12, Sections 370 through 435 of ... Torrens is a system for registration of land under which, upon the landowner's application, the Court may, after appropriate proceedings, ... In Australia and New Zealand, land is predominantly held under the Torrens Title system, although remnants of General Law Title (deeds of conveyance) still ... Jul 5, 2024 ... A Torrens title, simply put, is a title to a piece of realty holding (land and so on) that indicates who owns it and other important information ...