Torrens System
Introduction to Torrens System
Torrens System, in the law of real property, system of registration of title to real estate. The system was first introduced in Australia by the British statesman Sir Robert Richard Torrens in 1857 and was subsequently adopted in England, New Zealand, parts of Canada, and 20 states of the U.S.
The principal processes of the system involve registration of title followed by investigation and filing of the owner’s documents of title; provision for special proceedings, if necessary, to establish title validity; transfer of title to registered land through entry on the register; and guarantee of a perfect title, with an indemnity fund provided to compensate for any loss suffered by a land purchaser owing to error in the title certificate issued.” (1)
Resources
Notes and References
- Information about Torrens System in the Encarta Online Encyclopedia