Business, Legal & Accounting Glossary
Under the land charges act (1972), the ‘general equitable charge’, or class C(iii) charge, is an interest in unregistered land that is not secured by a deposit of title deeds, and does not fall into any other category of equitable charge. In order to prevent class C(iii) becoming a dustbin for all kinds of equitable interest, some important interests are specifically excluded. In particular, you can’t register an interest under a Trust in class C(iii). Probably the only interest that is likely to be encountered in this class now, and then only rarely, is an equitable mortgage.
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This glossary post was last updated: 6th April, 2020 | 73 Views.