Ground Rents Act (Northern Ireland) 2001 No. 5

The redemption of ground rents N.I.

The redemption money and other money lodged under section 4(2) N.I.

5.—(1) The redemption money appropriate to any ground rent is to be determined in accordance with Schedule 1.

(2) The Registrar shall keep in the prescribed form—

(a) a register of all moneys which have been lodged with the Land Registry under section 4(2); and

(b) such indexes to the register as may be prescribed.

(3) Section 81 of the Land Registration Act (searches) applies for the purposes of this Act as if—

(a) “register” included the register kept under subsection (2) and “the land” included the land in relation to which money has been lodged with the Land Registry under section 4(2) and that money;

(b) subsections (3) and (4) were omitted.