What is indefeasible in law?
Answer: Indefeasibility of title means that the registered title of real property (land or buildings) determines who has the priority interest or ownership of such property.
What is a indefeasible in real estate?
Incapable of being altered or voided, usually used to describe an absolute interest in real estate that cannot be changed.
What does indefeasible payment mean?
Indefeasibly Paid means (a) with respect to the making of any payment on or in respect of the Indebtedness, that such payment of such Indebtedness has been paid in full in cash (or that such payment of such Indebtedness has been otherwise satisfied in a manner acceptable to the holders of the Indebtedness in their sole …
What is indefeasible payment?
Definitions of indefeasible (of a right, payment, or other benefit) incapable of being taken away, overturned, or made invalid in any way. “This is subject to the prior indefeasible payment in full of any and all debts.”
How do I get a state of title certificate in BC?
Request by Mail Send a Request Form for State of Title Certificate, duly completed with a full legal description. Pay the Certification fee for each State of Title Certificate.
What do you mean by indefeasibility of title?
Q&A What is Indefeasibility of Title? 1 Answer: Indefeasibility of title means that the registered title of real property (land or buildings) determines who has the priority interest or ownership of such property. 2 The Torrens System. 3 Exceptions to Indefeasibility of Title.
What does the Land Title Act say about Indefeasible Titles?
The Land Title Act goes the distance to cancel out any unregistered interests that might, but for the Act, exist. Section 23 (2) says “After an indefeasible title is registered, no title adverse to or in derogation of the title of the registered owner shall be acquired by right of possession.”.
How does indefeasibility of title work in New Zealand?
That title is recorded on a central public register governed by the Land Transfer Act (LTA). This title is ‘indefeasible’, meaning that it cannot be overturned or put aside by competing claims for your land. Indefeasibility is a crucial part of how our land ownership system works.
What is the indefeasibility of title in Torrens?
Upon completion of registration, the property is properly transferred. The Torrens System simplifies the process of dealing with land, as it relies on the indefeasibility of title concept, where a registered interest has priority over all other interests.