SCHEDULE 1Registered leases tenanted in common
Shared leases
I11
This schedule applies where—
a
an area of land—
i
is tenanted in common by the tenants of two or more registered leases by virtue of their tenancy under those leases,
ii
is not tenanted in common by anyone else,
b
those registered leases have lease title sheets.
I22
The Keeper may, if the Keeper considers it appropriate—
a
where the area tenanted in common does not have a lease title sheet, make up such a title sheet and designate it as a “shared lease title sheet”,
b
where that area is the subjects of a registered lease, make up (if necessary) a lease title sheet and designate it as a shared lease title sheet.
I33
In the following provisions of this schedule—
a
references to a “shared lease” are to a lease the title sheet of which is designated under paragraph 2,
b
references to the “sharing leases” are to the other leases the tenants of which are tenants in common of the shared lease.
I44
Unless the context otherwise requires, any reference in a document to a sharing lease is to be taken to include a reference to the share in the shared lease which pertains to the sharing lease.
I55
Registration has the same effect in relation to a share in a shared lease which pertains to a sharing lease as it has in relation to the sharing lease (except in so far as may otherwise be provided in the deed registered).