Part 2First registration of title
Chapter 2Cautions against first registration
15Right to lodge
1
Subject to subsection (3), a person may lodge a caution against the registration of title to an unregistered legal estate if he claims to be—
a
the owner of a qualifying estate, or
b
entitled to an interest affecting a qualifying estate.
2
For the purposes of subsection (1), a qualifying estate is a legal estate which—
a
relates to land to which the caution relates, and
b
is an interest of any of the following kinds—
i
an estate in land,
ii
a rentcharge,
iii
a franchise, and
iv
a profit a prendre in gross.
3
No caution may be lodged under subsection (1)—
a
in the case of paragraph (a), by virtue of ownership of—
i
a freehold estate in land, or
ii
a leasehold estate in land granted for a term of which more than seven years are unexpired;
b
in the case of paragraph (b), by virtue of entitlement to such a leasehold estate as is mentioned in paragraph (a)(ii) of this subsection.
4
The right under subsection (1) is exercisable by application to the registrar.