Welcome to the International Right of Way Association’s Course 801 Canadian Land Titles 1 801-PT – Revision 3 – 07.16.07.CAN Introductions Who we are… What we do… Where we do it… How long we’ve been doing it… Our goals for the course... 2 Objectives At the end of the two days, you will understand better the... • Canadian land title system • Evolution of today’s registration of land documents and instruments • Title process, including its terminology and forms 3 Housekeeping 4 Schedule (1) Day One 5 8:00 - 8:30 Introductions, Etc. 8:30 - 12:00 Land Interests 1:00 - 2:30 Registry System 2:45 - 4:15 Land Titles System 4:15 - 4:45 Recap Day One Schedule (2) Day Two 8:00 - 8:15 Recap Day One Introduce Day Two 6 8:15 - 10:00 Comparisons…. 10:15 - 11:00 Effects... 11:00 - 2:30 Searches 2:45 - 3:15 Teraview 3:15 - 3:45 Course Review 3:45 - 5:00 Exam Tenures and Estates Tenure …the right of a person to hold property on certain terms and conditions. Estate …the degree, quality, nature and extent of a person’s interest in land or other property. 7 Real Property and Personal Property Real Property …is all the rights, interests and benefits inherent in the ownership of real estate. Personal Property ... all property other than land and buildings. Personal property is movable. It is also called chattel or personalty. 8 Estates Fee simple Fee tail Life estate Future estate • Remainders • Reversions 9 Estate Ownerships Owner in Severalty Concurrent Ownership Joint Tenancy Tenancy in Common 10 Ownership Rights Range from the the obvious (e.g., sell, lease, transfer or otherwise dispose of) to the subtler (e.g., water and fixture rights). In addition to the owner’s rights, others may have rights in the property (e.g., easements, rights of ways, profits a prendre, adverse possession). 11 Water and Fixture Rights Water rights: the rights over water running through or on land. Fixture rights: the rights to formerly personal property, which has been so annexed to the realty that it is regarded as a part of the real property. 12 Easements, et al…(1) Easement: a non-possessory interest one has in the property of another for a specific purpose. 13 Easements, et al…(2) Parcel B (dominant estate) Right of way (easement) Parcel A (servient estate) 14 Easements, et al…(3) Right of way: the right to use the land of another in a particular line. Profit a prendre: the right ot take from the soil of another. 15 Other Land Interests Adverse possession: the possession of land, without legal title, sufficient to become recognized as the legal owner. Escheat: when property reverts to the Crown. Expropriation: the taking of land by a public authority. 16 Land Titles System 17 Registry System Registry System The registry system provides a method to register documents affecting property. The registration gives notice of the property’s title. The registry system provides a means by which priority can be determined with earlier registered documents having priority over later registered documents (unless the earlier document’s filing was postponed by agreement). 18 Land Titles System 19 Registry System Land Titles System The land titles system provides a method to register documents affecting property. The Land Registrar’s staff examines and registers the documents and guarantees title. 20 Land Titles System 21 Registry System Registry System The registry system provides a method to register documents affecting property. The number and type of instruments registered under this system are many and varied. 22 The Land Registry Office does not guarantee the validity of registered documents. Books (1) Abstract Index 23 Abstract Index 24 Books (2) Abstract Index Copy Book (Register Book) By-Law Index General Register Index Deposit Index 25 Instruments (1) Crown Grant 26 Crown Grant 27 Instruments (2) Crown Grant Deed Quit Claim Deed Deed Under Power of Sale Mortgage 28 Instruments (3) Assignment of Mortgage Discharge of Mortgage Liens Lis Pendens Deposit 29 Land Titles System The land titles system provides a method to register documents affecting property, which combines security, simplicity, accuracy, economy, expeditiousness and suitability. The Land Registrar’s staff examines and registers the documents and guarantees title. 30 Books (1) Parcel Register 31 Parcel Register 32 Books(2) Parcel Register Fee and Receiving Book Suspense Book Other Books 33 Instruments (1) Transfer Lease Easement/Right of Way Restriction Mortgage/Charge 34 Instruments (2) Discharge of Mortgage/Cessation of Charge Assignment of Mortgage/Transfer of Charge Liens Caution/Caveat 35 Instruments (3) Withdrawal of Caution Notice Limitations 36 Day One Recap 37 Day Two 38 System Comparisons (1) 39 System Comparisons (2) 40 Effects... Effect of Death of the Registered Owner Effect of Marriage of the Registered Owner Effect of Corporate Ownership 41 Abbreviations S.F.C.A Short Form of Conveyances Act (1) to (2) in f.s. Grantor to grantee in fee simple 4 u.c. Four usual covenants R. 3 b.d. Release. Party of the third part barred dower S & S (1) and (3) Signed and sealed by grantor and party of the third part Aff. Ex. age 42 Affidavit of execution and age Objectives Right now, you should understand better the... • Canadian land title system • Evolution of today’s registration of land documents and instruments • Title process, including its terminology and forms 43 Thank you! 44 801-PT – Revision 3 – 07.16.07.CAN