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Definitions on Commonly Used Terms
A) ESTATE AND LAND DESCRIPTION SECTION
S/N TERM TO BE DEFINED DEFINITION
1 Land tenure This refers to the duration of the ownership of the land. There are 2 types of land tenure; namely, leasehold and freehold land.
2 Leasehold land The ownership of land is of a fixed duration as specified in the lease document eg. 99 years lease.
3 Freehold land A freehold title allows the owner to own the land forever. Examples of freehold titles are an estate in fee simple and an estate in perpetuity.
4 Grant in Fee Simple This is a freehold title issued by the State.
5 Statutory Land Grant This is another form of freehold title issued by the State, subject to conditions stated in the State Lands Act.
6 Reversionary estate This is the interest that remains on the expiry of a leasehold estate e.g. where the owner of a freehold title grants a 99-year lease, the period of the freehold title less the 99 years is called the reversion.

B) PARTICULARS OF PROPRIETOR SECTION

S/N TERM TO BE DEFINED DEFINITION
1 Transfer The document through which an owner acquires title to a property.
1a Last Contract Date  This is the contract date of the most recent transaction involving the property and refers to the date of the sale and purchase agreement made between the buyer and seller of land. 
1b Purchase Price Purchase price refers to the price that was paid by the buyer for his purchase of a property.
2 Manner of holding

There are 2 types of manner of holding. When there is more than 1 landowner, the owners can choose to hold the land either as joint tenants or tenants in common.

Joint Tenancy:

This means that the owners own the whole land with no distinct shares in ownership. When one owner dies, the surviving owner will automatically acquire the deceased owner's interest in the property.

b.Tenants in common:

This means that the owners have distinct shares in the property. When one owner dies, his share in the property does not vest in the surviving owner. The deceased owner can, by will, give his share to his beneficiary or his share may be distributed under the laws of intestacy if he does not have a will.

C) Memorial Section
S/N

TERM TO BE DEFINED

DEFINITION

1 Common Property  These are the common parts of any land or building, such as the corridor, lift or swimming pool, and is capable of being used or enjoyed by the owners of 2 or more units. The Memorial section shows the number of shares the owner of a unit in a building has in the common property.

D) ENCUMBRANCE SECTION
S/N TERM TO BE DEFINED DEFINITION
1. Encumbrance This is a legal liability to which the land is subject eg. mortgages or CPF charges.
2. Caveat This is a notice of a claim lodged by a person who claims an interest in the land eg. an intending purchaser who has paid a certain percentage of the purchase price to the land owner can lodge a caveat to indicate that he has an interest in the land.
3. Charge

There are 2 common types of charges on property.

a.CPF charge

This is a charge registered by the CPF Board either when the CPF Board has released money from the account of the owner to assist in the purchase of the property or when the CPF has allowed a withdrawal of funds from the CPF account of the land owner pursuant to the Minimum Sum Scheme under Section 15(9) of the CPF Act.

b.Charge by Management Corporation

A management corporation may lodge a charge against the interest of a flat, office or other unit in a strata development, where the owner fails to pay his contribution to the management fund or other fund.
4 Mortgage This is an interest in land created when the property is pledged as security for repayment of a loan.
5 Postponement

This is an instrument in which the parties who executed it, agree to re-arrange the priority of their claims on the property so that an encumbrance which is registered later may bear a higher priority than an encumbrance which is registered earlier eg. a mortgage which is registered on 2.1.1999 can be postponed in priority to rank after a CPF charge which is registered on 5.1.1999 by virtue of an instrument of Postponement.

6

Restriction

An agreement by 2 parties (land owners) in which one party pledges to the other to refrain from conducting certain acts on his land which acts may adversely affect the other's enjoyment of his land.
7 Easement This is a right relating to the use of the property which one land owner grants in favour of the other land owner eg. one land owner grants to a neighbouring land owner the right of way to access part of the first owner's land.

E) POST REGISTRATION SECTION
S/N TERM TO BE DEFINED DEFINITION

1.

Post registration section

This section of the land register shows the changes made to the land register in order to correct registration errors or omissions.
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Block/House Number.
Street Name.
Level Number.
Unit Number or
Room Number.
 
Building / Development Name
 
 
Postal Code
 
Land Lot No. Format.
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 Last Update : March 2010
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