How could errors in your registered title affect the value of
your property, and when can they be rectified?
How important is rectification?
In some instances, mistakes on registered titles are only
spotted years after registration applications are completed,
perhaps when a property is next sold or re-mortgaged. Errors in the
registration of charges, the rights or covenants registered on a
title or an inaccurate title boundary could have significant
ramifications for the value of the property and should be altered
as soon as possible.
Aside from property owners, mistakes will likely affect any
lenders or mortgagees who require certainty in relation to secured
property. In the context of a development site, certain forms of
restriction entered on titles to individual plots may prevent
certain dispositions (such as the grant of shared ownership leases)
and delay sales as a consequence.
