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Words: | Submitted: Mon Jun 19 2006
... a complete and accurate reflection of the state of title to land. Provisions for both compulsory and voluntary registration are made. Leases granted for more than seven years or the assignment for a lease that has over seven years to run must be registered4. This means that many business leases will now be compulsorily registered. Reversionary leases to take effect in over three months and discontinuous leases of more than seven years or transferred with over seven years left to run, will also be compulsorily registered5. Easements that are expressly granted or reserved out of registered land will have to be registered under the LRA 2002.6 The easement will not take effect as legal until this requirement has been fulfilled.7 This means that a newly created easement will not override under the new Act. By making easements registerable dispositions, the LRA 2002 is fulfilling its aim in increasing ...
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