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Citation, commencement and interpretation

1.—(1) This Order may be cited as the Land Registry (Fees) Order (Northern Ireland) 2000 and shall come into operation on 23rd June 2000.

(2) Words and expressions used in this Order and defined in the Rules have the same meaning as in the Rules.

(3) In this Order—

“the Act” means the Land Registration Act (Northern Ireland) 1970;

“charge” (except in Part III of Schedule 1) means a charge on land to secure money and includes a sub-charge but not a statutory charge;

“equity-sharing lease” means a lease of land, the general effect of which is to provide—

(a)

that, in consideration of the granting of the lease, the lessee shall pay a capital sum, representing a part payment in respect of the cost of acquisition of the premises demised, and a rent; and

(b)

that the lessee may make additional part payments towards the said cost of acquisition and may exercise an option to purchase the whole or part of the lessor’s reversion in the premises demised.

“fees” means the fees to be taken in the Registry for the purposes of the Act and the Property Order;

“the Property Order” means the Property (Northern Ireland) Order 1997(1);

“the Rules” means the Land Registration Rules (Northern Ireland) 1994(2) and a reference by number to a rule or Form is a reference to the rule or Form bearing that number in the Rules.