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restriction


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N.

(in land law) A limitation of the right of a registered proprietor to deal with the land or charge in a registered title. For instance, a beneficiary may enter a restriction against his trustees if the trust provides that the land may not be sold without the beneficiary's consent. A restriction may also be entered by, or with the concurrence of, the registered proprietor, and there are cases in which the Chief Land Registrar is obliged to enter a restriction (for example, when persons are registered as joint proprietors, and the survivor will not have power to give a valid receipt for capital money arising on a disposition of the land).

Subjects: Law.


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