Part 2Conversion of certain leasehold conditions to real burdens
Conversion of conditions to burdens
I118Conversion by agreement: registration
1
For the purposes of section 17(1), an agreement is registered only when registered against both the burdened property and the benefited property.
2
Registration under subsection (1) must—
a
in the case of the burdened property, be against the title of—
i
the owner of the property, or
ii
the tenant under the qualifying lease of the property, and
b
in the case of a benefited property, be against the title of—
i
the owner of the property, or
ii
if the property in question is subject to a qualifying lease or exempt lease, the tenant under such lease.