Buying Commercial Property · glossary
The buyer's position between completion and registration. The building is the buyer's, and a court would protect that, but the register still names the seller. Chapter 10 · see Registration gap
Explained in Chapter 10, After Completion: Tax and Registration, of Buying Commercial Property.
Completion gave Fellgate the building, but not yet the legal title. A transfer of registered land takes effect at law only when it is registered (section 27 of the Land Registration Act 2002). Until then Fellgate was the owner in equity (the owner a court protects), but not the owner the register names.Read Chapter 10, After Completion: Tax and Registration →
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