Volume 1 of this report recommends that a new Land Recording and Registration Act be enacted to provide a modern and more efficient system of land recording and registration for Alberta. The new Act would replace the Land Titles Act (Alberta). The report contains a draft of the proposed Act. Parts 1 to 8 of the draft Act establish a reformed system of recording and registering interests in land which preserves the beneficial aspects of the existing system of caveating and registration and adapts it to the circumstances of today and of the future. Purposes of the draft Act are to make dealings in land easy, quick, cheap and safe, to provide a sound and modern statutory foundation for the system, to make the recording and registration system more efficient, to set out basic principles more clearly and coherently, and to enable users and the courts to use the systems more easily, confidently and efficiently. The report also attempts to solve problems that have arisen under the Land Titles Act, and to implement some desirable policy changes. In addition to setting out in a clear manner the legal principles necessary for a modern and efficient land recording and registration, the draft Act provides for an administrative system, a system of land descriptions and surveys, recognition of common law rights and interests in land, a limited number of overriding interests, and a user-funded compensation system.