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Valid from 28/11/2013

Part 5 SExemption from conversion and continuing leases

Types of exempt leaseS

65Certain leases registered near or after the appointed dayS

A lease is an exempt lease if—

(a)it is not registered on the day falling 1 year before the appointed day,

(b)it would, had it been so registered, have been converted on the appointed day into a right of ownership under section 4(1)(a),

(c)despite not being registered, it constitutes a real right in land, and

(d)it is subsequently registered (whether before, on or after the appointed day).