Land Registry restrictions may apply to a property lease or transfer and come in a myriad of different forms. So, where can you find standard restrictions, including a form LL restriction, and what do they mean for your property purchase?
Where to find Land Registry restrictions
Land Registry restrictions are located in the proprietorship register (section B), part of the title register. Over 40 standard restrictions exist, such as a Form LL restriction, and more than one may be registered against a property.
The wording details the terms applied to the restriction and how it needs to be complied with.
Common Land Registry Restrictions
Restrictions are commonly used to limit a registered proprietor’s power or ensure a specific action occurs before a property transaction is registered. Standard restrictions include form A, form P, form L, and form LL restrictions.
Standard restrictions include form P restrictions used by mortgage lenders, which prevent the registration of a transaction relating to a property without their consent.
Form L restrictions ensure compliance with provisions, such as positive covenants, that must be met before registration.
Some restrictions are helpful as they protect the proprietors against fraud For example, a Form LL restriction requires your conveyancer to certify that the registered proprietor and the person executing the document for registration are the same by making a face-to-face ID check. A Form A restriction prevents one proprietor from registering a transaction when the property has multiple owners.
How can restrictions be complied with?
Restrictions, such as form LL restrictions, relate to a transaction’s registration. For compliance, any third parties must consent to the transaction and its registration. The Land Registry has introduced form RXC to streamline the process of complying with any restrictions.
It’s worth noting that, unless stated otherwise, restrictions apply indefinitely unless other action is taken. As a result, a form LL restriction can provide valuable protection. However, any restrictions must be carefully worded and used following legal advice. A restriction requiring the consent of a third party can hold up transactions and may put off future buyers.
