Torrens
The Torrens system is a method of land registration that simplifies the process of buying and selling property. Established in the 19th century in South Australia, it provides a government-backed title that guarantees ownership. This system aims to reduce disputes over land ownership by maintaining a clear and public record of property titles.
Under the Torrens system, when a property is registered, the owner receives a certificate of title. This document serves as proof of ownership and includes details about the property, such as boundaries and any encumbrances. The system is now used in various countries, promoting transparency and security in real estate transactions.