HOMELand Titles
Why Do You Need Land Titles?
People search for land titles offices near them in NSW because getting valid land titles is indispensable. Titles help you know the exact ownership details of properties. Land titles also help you understand about liens, usage rights regarding a property, natural resource rights and more.
If you are thinking to buy a property, it’s necessary to have its land title details. You can search a specific land title to find out more about the property, its possession and other details before making a final decision about the actual purchase.
There are several online services which you can use to Conduct a Land Title Search NSW. In order to perform the search you will need the exact address of the property. Once you know the land title of the property you are interested in, you can do more recce to reach a decision.
Without a land title, you cannot claim any rights on your property even if you technically own it.
Understanding the Legal Jargon
Recently, a few changes were made in the hierarchical structure of the land registry which you must be aware of. Last year, the Land and Property Information’s titling and registry services were sold to a consortium, which consists of First State Super, investment funds from Hastings Funds Management and the Royal Bank of Scotland Group’s pension fund.
Effective July 2017, some operations related to the land titles office NSW were transferred to Australian Registry Investments. However, it is important to note that the NSW Government continues to guarantee titles under the Torrens Assurance Fund (TAF). The government also retains full ownership of all land title data.
In 2016, the government of New South Wales also created the Office of the Registrar General to enforce the operator’s performance of the land titles registry business.
The $2.6 billion deal to privatize land and registry services was criticized heavily, but the government and several experts believe that the process of getting land titles will become smooth and efficient after the deal.
Costs of Land Titles After Privatization
The New South Wales Premier Gladys Berejiklian assured the public last year that the government could still intervene if the acquirers of the land registry fail to perform. She also claimed that the privatization of the land and registry entity would put a cap on the prices and costs of accessing documents or discharging mortgages, which were susceptible to periodic hikes before the deal.
Land Titles Office NSW Website and Details
Land titles office NSW has an official website where you can route your queries about land valuation, processes involved in getting land titles in NSW, and just about anything related to the legal and official matters.
The website also details contact numbers and email ids, so it is very easy for a common person to get in contact with someone who is aware of the government policies. The business hours to visit land titles office NSW are 8:30 am to 4:30 pm business days.
The best thing about the land registry services official web outlet is the general FAQ page related to land titles. This page answers all the commonly asked questions about land titles. Hopefully you will get your answers on this page, but if you are still looking for help you can always visit land titles office NSW.
What’s the Function of Land Titles and Registry Office NSW?
The land registry office NSW maintains all the data of land ownership and registry. It also integrates related property data across different platforms to make it easier for other sub-departments to assist with land management, conveyancing, property development.
The NSW Government currently guarantees land titles under Torrens Assurance Fund (TAF), which was established under section 133A of the Real Property Act 1900. TAF is managed and oversaw by Registrar-General. TAF is the entity to entertain and process the claimed losses or damages suffered as a result of the operation of the Act.
Why Should You Use the Services of Land Titles Office
Instead of using unreliable parties, you should always use the official land title services offered by the government. The NSW land title system protects practically billions of dollars in registered mortgages and over $1.2 trillion worth of real estate.
Land titles office NSW charges a certain fee to process land titles and documents. But there are several other benefits of following the legal process as defined by Land and Property Information (LPI) authorities. After registration with LPI, your land title is guaranteed by the State Government.
This means that you will have a guarantee from the State government that you are the true and legitimate owner of your land. The guarantee is backed by Torrens Assurance Fund, which provides compensation for any losses suffered a result of fraud or error in registration.
Another major benefit of getting the official documents from land titles office NSW is that LPI regularly performs reviews the security of land title registration in order to protect the State’s land title system. The official Certificates of Title reduces the risks of forgery and fraud.
