A change is coming to Queensland in relation to paper Certificate of Titles.
In Queensland, paper Certificates of Title have not been issued for properties automatically for over twenty years. After the land titles registry became electronic in the mid 1990s, you could request a paper certificate of title upon purchasing a property but one was not automatically issued because the electronic registry contained a complete record of property ownership and interests.
However, many property owners still held paper Certificates of Title from before the introduction of the electronic titling system and some home buyers continued to prefer to obtain a paper Certificate of Title so many property owners still have a paper Certificate of Title issued for their property.
If a paper Certificate of Title is issued for a property, it is necessary to produce it for any changes to the interests in the property, such as sale, lease, mortgage etc. This creates some difficulty when certificates are misplaced and it is a costly and time consuming process to have them dispensed with for the purpose of dealing with the property.
This will soon be a problem of the past with the Queensland Government announcing that as of 1 October 2019 paper Certificates of Title “will become an item of historic or sentimental value only and will no longer need to be deposited with the Titles Registry when a transaction is lodged over the title”.
From that date, paper Certificates of Title will be able to be retained but will not be needed for any dealings with property. If you have a paper Certificate of Title it does not need to be returned to the Titles Office or destroyed and can be retained by you if you wish.
As Lewis & McNamara Solicitors store paper Certificates of Title for clients, we will be contacting our clients over the coming weeks and months to inform them of the change to paper Certificates of Title and to obtain instructions as to whether our clients would like us to return their paper Certificates of Title to them to be held for historic or sentimental purposes.
If you have any questions about the changes to paper Certificates of Title or any other property law matter, feel free to contact one of our property law solicitors.