Task
One of the fundamental principles of land registration is the curtain principle:
The effect of the curtain principle is that equitable interests are kept off registered land and this may put any potential purchaser of the property in a difficult situation. However, prospective purchasers can rely on a measure called overreaching where monies are paid to two or more legal owners for overreaching to apply.
Items are to be distinguished whether they are classed as fixtures or chattels. The crucial date for determining ownership of a disputed items is when contracts are exchanged unless otherwise expressly agreed between the parties.
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