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.