Property law is the area of law that deals with the rights and responsibilities of individuals and organizations in relation to property, including real property (land and buildings) and personal property (goods and chattels). Property law governs issues such as the acquisition, possession, use, and transfer of property.
In Victoria, Australia, property law is governed by a combination of common law, equity and statutes such as the Property Law Act 1958 (Vic), the Transfer of Land Act 1958 (Vic) and the Land Victoria.
The Property Law Act 1958 (Vic) provides a framework for the regulation of property law in Victoria, including the rules for the creation, transfer, and termination of interests in land, the rights and obligations of landlords and tenants, and the regulation of co-ownership of property.
The Transfer of Land Act 1958 (Vic) governs the process of transferring land and the registration of land ownership in Victoria. It provides for the registration of interests in land, including the registration of mortgages, leases, and easements.
Land Victoria is a government agency that is responsible for maintaining the land registry and providing services such as the issue of land titles, the registration of mortgages, and the collection of land transfer fees.
