Law of Property Act 1925
The Law of Property Act 1925 is a key piece of legislation in England and Wales that reformed property law. It aimed to simplify and clarify the rules governing the ownership and transfer of real property, making it easier for individuals to understand their rights and responsibilities. The Act introduced concepts such as the distinction between legal and equitable interests, which helped streamline property transactions.
One of the significant features of the Act is the establishment of a system for registering land ownership, which enhances security and transparency in property dealings. This legislation also consolidated various earlier laws, making it a cornerstone of modern property law in the UK, influencing how properties are bought, sold, and inherited today.