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A revolution in Bermuda property law is about to occur. In December 2011, the Bermuda Government passed the Land Title Registration Act 2011 (“the Act”). The Act is not yet in force. Seemingly, this only awaits finalization of regulations and the holding of professional guidance seminars for attorneys. It is expected to be operative later in 2012. The Act will dramatically transform the way things are done in Bermuda real estate law.
In anticipation of the Act coming into force soon, it would behoove people to “get their houses in order” by locating their title deeds and having them professionally reviewed to discern the current state of their ownership. As it takes the opinion of “a competent professional adviser to accept” your title before the Land Title Registrar can class it as absolute, it would be a good idea to have your deeds reviewed by such an adviser so that, when the time comes, you don’t get any rude surprises concerning what is probably your most valuable asset. To read the full article, click the link below.
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Get ready for Land Title Registration in Bermuda