grants a standard security to C over
the whole 10 acres. C records his standard security in the Registerof Sasines prior to B registering his
title in the Land Register. C will rank prior to B in terms of section7
(3) and that security will be shown in the charges section of Bs
title sheet. If on the other hand, Cpresented
his standard security for recording in the Register of Sasines after B had registered
his titlein the
Land Register, then the Keeper would reject the deed in terms of section
8 (4) on the basis thatpart
of the security subjects had been registered in the Land Register.Heritable securities still subsisting
at the date of first registration in which creditors acquired real rightsby recording in the Register of Sasines
will rank in the order of their recording and before heritablesecurities registered in
the Land Register on or after first
registration of the interest to which theyrelate.Section
7 (4) affirms that where
the date of registration or recording of
the titles to two or moreinterests in land is the
same, the titles to those interests shall
rank equally. Thus, if A
in the aboveexample
also conveyed the same one acre, in a separate disposition, to C and both
B and C subsequentlyapplied
for registration on the same day there titles would, by virtue of section
7(4) rank pari passu. TheKeeper
would not, however, be in a position
to grant an unqualified land certificate(s).
Indemnitywould
be excluded as regards Bs interest vis-a-vis Cs
title and vice-versa.Registration
and recording in respect of one deed2.17 A
transaction which would induce first registration may relate to subjects lying
both within andoutwith
an operational area. Two possibilities exist in this situation: either the subjects
comprise two(or
more) discontiguous pieces of land lying in two or more registration counties,
or they may form asingle
plot of ground that straddles the boundary of two adjoining counties; the so-called
straddlingplot.Straddling plotThe registration implications of the
straddling plot have already been discussed at paragraph 2.7. Interms of section
11(2), registration in the Land Register must be sought unless the two areas
can besevered,
either in separate deeds or as separate subjects within the same deed.Discontiguous areasWhere the transaction affects two or
more discontiguous pieces of land, it is possible to attend to bothproperties in the same
deed. The deed should be endorsed with
a warrant of registration for theproperty within the non-operational
area (i.e. for recording in the Sasine Register)
and, in addition, besubmitted
with an application for registration in the
Land Register for the interest lying within
theoperational
area.It is preferable,
from the Keepers point of view, for the solicitor to prepare separate deeds.
However,there
are occasions when the preparation of separate deeds would not be practicable.When the registered interest is that
of the dominium utile or a tenant under a
long lease, and thesuperiors
or the landlords title is still recorded in the Sasine Register, a disposition
ad perpetuamremanentiam or
a renunciation of the tenants interest will lead to registration in the
Land Register