Tenancy in Common

Each tenant has a share in the entirety which does not accrue to partners on death. It may be disposed of during life or transmitted on death, either by will or according to the laws governing distribution. The shares may be equal or unequal and may be created separately.

Tenure

The mode of holding or occupying unalienated Crown land eg conditional purchase, perpetual lease etc.

Testator/Testatrix

Person who has died and left a will.

Title Conversion

The action taken within LPI to convert parcels of Old System land to Torrens title. It includes actions under Part IVA Real Property Act 1900 and the more recent Conversion Actions (CAs).

Title Diagram

A diagram or plan endorsed on or referred to in a folio of the Register, illustrating the land in that folio.

Title Reference

The reference used to identify a title. For titles in the computerised system, the title reference is often presented in the format 1/10222, where 1 is the lot number and 10222 is the Deposited Plan Number. However, there are a range of other formats used. Prior to 1983 the title references were in the form of Volumes and Folios eg Vol 1234 Fol 567.

Title Search

A title search is an inspection of the register at the LPI which will indicate the current owner or owners of a property and also shows the estate and any other interests that may restrict full control of the property by the owner. These other interests are called encumbrances and could include mortgages, easements, or caveats. Online title searches are available for 99% of titles in NSW.

Torrens Title

A term used to describe the system of title (or land) registration devised by Robert Richard Torrens, and adopted in NSW from 1863. Under this system, title is guaranteed by the state and purchasers do not need to establish the chain of ownership when purchasing property. They can rely on a current Certificate of Title document to evidence ownership of land.

Transfer

The passing of any estate or interest in land under the Real Property Act 1900, whether for valuable consideration or otherwise.

Transferee

The person to which the estate or interest is being transferred.

Transferor

The person transferring the estate or interest.

Transmission

The acquisition of title to or interest in land consequent on the death, will, intestacy or bankruptcy of a proprietor.

Transmission Application

An application for the transfer of title to or interest in land consequent on the death of a sole proprietor or tenant in common following probate.

Trustee

The person who holds property on trust for another. The prime duty of a trustee is to carry out the terms of the trust and preserve safely the trust property.

Trustee in Bankruptcy

An official appointed to manage the affairs of a bankrupt (as regards a person).

Tenant Mix

The range, type and positioning of retail tenants and uses within a shopping centre to achieve a desired aim, such as increasing sales, increasing customer satisfaction etc.

Trade Discount

A discount on the list price given by a manufacturer or wholesaler to a retailer.