SCHEDULES

SCHEDULE 2Registrable dispositions: registration requirements

Part 1Registered estates

4Lease of franchise or manor

1

This paragraph applies to a disposition consisting of the grant out of a franchise or manor of a lease for a term of more than seven years from the date of the grant.

2

In the case of a disposition to which this paragraph applies—

a

the grantee, or his successor in title, must be entered in the register as the proprietor of the lease, and

b

a notice in respect of the lease must be entered in the register.