The meanings attributed to terms set out for the purpose of explanation only and are not necessarily valid legal definitions for other purposes.
Where precise definitions are sought appropriate statutes or authorities should be studied. See Greg Stilanou, Land Titling Law and Practice in NSW, Lawbook Co. 2013 [Definitions on pages xxvii – xxxi].
LPI: Land and Property Information - the authority responsible for all plans and records relating to the ownership of land throughout the State.
Land: Land is separately defined in various statutes. Where these definitions are not applicable, or there is nothing evident in rebuttal, the Common Law definition applies, ie land extends from the centre of the earth to the sky, including not only the surface but also the soil beneath it and the air above it and all things growing on it or attached to it, but does not include minerals belonging to the Crown. For the definition of land in a strata scheme see Registrar General's Directions for Strata Schemes.
Land Titles: A document or series of deeds purporting to prove the ownership of a parcel of either Torrens or Old System land. Almost all land titles are now held in the Integrated Titling System (ITS) and can be searched in the ITS using a Title Search function. Generally, Old System titles must be searched manually.
Lease: An instrument creating an interest in land for a stated term, usually in consideration of a payment of rent. Registration with LPI of commercial leases is not compulsory, but to gain maximum protection, leases that have a term of more than 3 years should be registered. Residential tenancy leases are not generally registered with LPI.
Leasehold Estate: The interest in land or premises held under a lease by a lessee.
Lessee: The person to whom land or premises is leased.
Lessor: The person, usually the registered proprietor, who leases land or premises in return for payment of rent.
Letters of Administration: An authorisation granted by the Court to persons to administrate the estate of a deceased person who has died intestate, or who died testate without having appointed an executor.
Lien: In relation to a document, a right to retain the document until a debt is satisfied.
Life Estate: An estate of freehold land held during the life of the tenant or for the duration of another's life.
Limitation: A recording in a folio of the Register to the effect that the description of the land in the folio has not been investigated by the Registrar General and the boundaries of which are not guaranteed until defined in a new plan of survey.
Limited Title: A certificate of title issued for land converted from Old System title whereby the boundaries have not been adequately defined in a plan of survey and/or have not been investigated in LPI. A limitation is recorded in the second schedule.
Liquidation: The state of a company during the process of being terminated.
Liquidator: A person appointed to carry out the termination of a company.
Littoral: Relating to the shores of lakes, or the sea and its inlets.
Local Council: The Council for a city, municipality or shire elected by property owners for the purpose of local government.
Lockspits: A type of survey mark used in rural areas comprising either trenches or lines of stones set in the direction of the boundaries.
Lodgment: The acceptance by LPI of dealings, plans and other documents, either by hand or electronically, for processing and registration within that Office.
Loose Leaf Register: Titles within the Torrens title register were originally filed as pages called ‘Folios’ within books called ‘Volumes’, but after Volume 8497 (from 1961), they were filed as loose-leaf pages up until the time that the computerised system replaced paper records. The loose leaf titles are also sometimes known as 'New Form' titles.