The Land Charges Act 1972 is a UK law that established a system for registering certain types of land charges. This act aimed to provide clarity and protection for buyers and lenders by ensuring that any existing claims or interests in a property are publicly recorded. It helps prevent disputes over ownership and ensures that potential buyers are aware of any encumbrances on the property. Under this act, various types of land charges are categorized, including financial charges and restrictive covenants. The act also created a central registry where these charges can be searched, making it easier for individuals and businesses to conduct due diligence before purchasing land or property.