a
conveyance on marital separation or divorce,
e.g. a disposition for certain
good and onerouscauses,
certified under exempt instrument category H;a conveyance in exchange
for taking over financial obligations under
a loan, e.g. a dispositionaccompanied by deed of variation of
a standard security;a conveyance in exchange
for other subjects. A contract of excambion
is normally treated ascontaining
two transfers for valuable consideration.In
some cases there may be doubt as to
whether or not the transfer of title
is for valuableconsideration.
For example, an ostensibly gratuitous disposition may be accompanied by a deed
ofvariation of
a standard security, but it may be unclear whether the financial arrangements
under theloan
are actually being altered. In such circumstances, the Keeper will rely on the
applicant or agentsto
assess whether or not there is valuable consideration. If there is genuine difficulty
in making thatassessment,
the Keeper will normally encourage registration
in the Land Register, to avoid thepossibility of an inept recording in
the Register of Sasines.Deeds
unrecorded at operational date2.6
Inevitably, just before the commencement date
on which an area becomes a Land Registeroperational area, many conveyancing
transactions in that area will be proceeding towards settlement.Just as inevitably, some
confusion results, with solicitors in the
area being unsure whether theresulting deeds fall to be recorded
in the Register of Sasines or registered in the Land Register. Theaforementioned list of
transactions which induce registration must always
be read subject to thequalification
in section 2(1)(a), namely,
in any of the following
circumstances occurring after thecommencement of this Act.
So, even if the transaction meets one of the requirements in paragraph2.3
it will not necessarily induce registration in the Land Register. The following
guidelines may assist:Delivery
of deed prior to commencement dateWhere
the transaction has been completed by delivery
of the deed to the grantee before thecommencement date, the registration
provisions do not apply. It is therefore competent to completethe real right by recording the deed
in the Sasine Register after the commencement date, i.e. after
thearea has become
operational. When submitting the writ for recording, the applicants agent
shouldconfirm
that delivery took place before the Land Register commencement date.Delivery of deed on, or subsequent
to, commencement dateIt
follows that where the deed is delivered
to the grantee on or after the commencement
date,although
executed before that date, then, if it
falls within any of the categories mentioned
inparagraph
2.3 a real right can be obtained only by registration in the Land Register.
The submittingagent
should confirm, in response to question 14 on the application Form
1, that delivery took placeafter
the Land Register commencement date.Proviso:
Where long leases, udal tenure, or kindly tenancies are involved, section
2(1)(a) has to beread
along with section 3(3). From the commencement
date, under section 3(3), a real right in suchinterests can be obtained
only by registration. Prior to the commencement
date the tenant canacquire
a real right if possession of the subjects follows on delivery. Taking, the grant
of a long leaseas
an example, mere delivery of the lease
before the commencement date will not permit
the