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Lars van Vliet

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Lars van Vliet

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Lars van Vliet

This chapter will give an overview of the various transfer systems for movable property and immovable property. It will focus on voluntary transfers based on a legal act between the transferor and transferee. First the difference between the unitary approach and the functional approach to passing of ownership will be discussed. Many legal systems have a default rule for the passing of ownership. It indicates when ownership passes, but allows parties to indicate a different moment. In principle this moment of passing of ownership is the reference point for many other legal questions. This approach is called the unitary approach. The opposite is the functional approach, which does not wish to use the passing of ownership as a reference point. Within the unitary approach we can further distinguish between systems which in principle require a delivery (real or constructive) (tradition systems) and systems in which a contract of sale in principle passes ownership without delivery being needed (consensual systems). Within the tradition systems we can further distinguish between causal and abstract systems. Causal systems require a valid legal ground, such as a valid contract of sale. Abstract systems do not set this requirement and regard the validity of the transfer abstractly from the validity of the underlying legal ground. Ideally, a land register should mirror the legal status of each parcel of land. However, many legal systems allow certain unregistered rights to be set up against bona fide third parties. In many of these systems, leases, even if regarded as mere contracts, work against third parties. Often the buyer of a leased property is bound to the lease even if he did not know nor could have known about the lease. The chapter focuses on German, French, English and Dutch law.