MJM Limited is pleased to announce that its Real Estate Team is Ranked TIER 1 in Bermuda in results released recently by International law firm rating agency, The Legal 500.
The Legal 500 reported:
The Land Title Registration Amendment Bill (the “Amendment Bill”) was passed in the Bermuda House of Assembly on Friday, 24 November 2017. The Amendment Bill seeks to introduce new provisions to or amend existing sections of the principal legislation, the Land Title Registration Act 2011 (the “Act”).
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MJM has acquired several ancient deeds and local legal instruments dating back to the early days of the settlement of Bermuda. Andrew Martin examines the legal context of these documents and their relevance in the development of legal principle, and puts them in their social and historical context.
It may seem obvious to practitioners that where there is no mortgage on a property, the legal owner is entitled to retain the title deeds to the property. However, it was recently argued in a dispute over whether a deposit could be forfeited by the vendor in a failed property transaction that the purchaser’s attorneys should be permitted to hold onto the title deeds until the vendor returned the full deposit.
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