What is Control of the Right to Deal (CoRD)?

A party has CoRD when that party has authority to consent to the registration of a subsequent interest in land. If land is encumbered, the registered proprietor has the right to deal with their land but control of that right to deal (CoRD) is held by the first registered mortgagee or chargee, or a party in legitimate possession of the certificate of title.

If land is unencumbered, the registered proprietor(s) has both the right to deal and CoRD. 

For more information see Control of the Right to Deal (CoRD) page.