First registration–notice of lease
37.—(1) Subject to paragraph (2), before completing an application for registration of a leasehold estate with absolute title, the registrar must give notice of the application to the proprietor of the registered reversion.
(2) This rule only applies where—
(a)at the time of the grant of the lease—
(i)the reversion was not registered, or
(ii)the reversion was registered but the grant of the lease was not required to be completed by registration,
(b)the lease is not noted in the register of the registered reversion, and
(c)it is not apparent from the application that the proprietor of the registered reversion consents to the registration.
(3) On completing registration of the leasehold estate, the registrar must enter notice of the lease in the register of the registered reversion.
(4) In this rule, “the reversion” refers to the estate that is the immediate reversion to the lease that is the subject of the application referred to in paragraph (1) and “registered reversion” refers to such estate when it is a registered estate.