registrable estate or charge meaning

In practice, “registrable estate or charge” refers to the land interest (for example, a freehold or a lease that must be registered) or the security (a legal charge/mortgage) that is capable of, and is being submitted for, entry on the land register—commonly in an application for first registration of title or charge. England and Wales: The concept is reflected in the Land Registration Act 2002 and rules. Registrable estates include freeholds, leases granted for a term of more than seven years, rentcharges, franchises and profits à prendre in gross. A registrable charge is a charge by way of legal mortgage, including one that can trigger compulsory first registration of previously unregistered land. Northern Ireland and Ireland: Usage is broadly consistent under their land registration regimes. Registrable estates generally include freehold and specified leasehold titles; registrable charges include legal charges/mortgages recorded on the register. Scotland: The terminology differs. The nearest equivalents are registrable real rights (such as ownership) and standard securities under the Land Registration etc. (Scotland) Act 2012; “estate” and “charge” are not the technical terms. Practical significance: Identifying a registrable estate or charge determines compulsory registration, application content to HM Land Registry/Registers of Scotland/Land Registry NI/PRA, and the creation, perfection and...