Law Quarterly

Law Quarterly

THE CHOICE BETWEEN THE OWNER OR POSSESSOR; ECONOMIC ANALYSIS OF THE LAND REGISTRATION SYSTEM (RECORD AND REGISTER SYSTEM) IN COMMON LAW WITH A VIEW TO ARTICLE 22 OF THE LAW OF DEED AND REAL ESTATE REGISTRATION

Document Type : Research Paper

Authors
Seyed Ali Mohammad Yasrebi 1
Mohammadali Rezapoor Akerdi 2
1 Associate Professor, Law Department, Farabi Campus, University of Tehran, Qom, Iran
2 PhD Candidate in private law, Farabi Campus, University of Tehran, Qom, Iran
10.22059/jlq.2018.209422.1006757
Abstract
Investigation about the quality of protection of property rights, including efficiency of land registration system is one of the most important issues in economic analysis of these rights. The allocation of land to the owner or possessor (the buyer in good faith) is one of the major issues in this domain. Accordingly, in common law there is a registration and record system for solving the problem. In this situation, according to the record system, the land will be assigned to owner instead the land is gived in registration system by the possessor. From economic perspective, encounter of registration system is more efficient for different utilities of owner and possessor and positive role in facilitating the exchanges. In Iranian law, this issue has a same response to record system. But article 22 of the law of deed and real estate registration by defining the registery as the main reference in determination of owner and consequently rejection of private document can almost entail efficiency of registration system.
Keywords
Article 22 of the Law of deed and real estate registration
economic efficiency
economic utility
record system
registration system
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Law Quarterly
Volume 48, Issue 2
Summer 2018
Pages 343-362