- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
In its application to—
(a)rentcharges,
(b)franchises,
(c)profits a prendre in gross, or
(d)manors,
this Act shall have effect subject to such modification as rules may provide.
(1)Rules may make provision for the purposes of this Act in relation to the application to registered land of the enactments relating to settlements under the Settled Land Act 1925 (c. 18).
(2)Rules under this section may include provision modifying any of those enactments in its application to registered land.
(3)In this section, “registered land” means an interest the title to which is, or is required to be, registered.
(1)No application for registration under section 3 may be made in respect of a leasehold estate in land under a PPP lease.
(2)The requirement of registration does not apply on the grant or transfer of a leasehold estate in land under a PPP lease.
(3)For the purposes of section 27, the following are not dispositions requiring to be completed by registration—
(a)the grant of a term of years absolute under a PPP lease;
(b)the express grant of an interest falling within section 1(2) of the Law of Property Act 1925 (c. 20), where the interest is created for the benefit of a leasehold estate in land under a PPP lease.
(4)No notice may be entered in the register in respect of an interest under a PPP lease.
(5)Schedules 1 and 3 have effect as if they included a paragraph referring to a PPP lease.
(6)In this section, “PPP lease” has the meaning given by section 218 of the Greater London Authority Act 1999 (c. 29) (which makes provision about leases created for public-private partnerships relating to transport in London).
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Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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