Land Registry (Fees) Order (Northern Ireland) 2007

Citation, commencement and interpretation N.I.

1.—(1) This Order may be cited as the Land Registry (Fees) Order (Northern Ireland) 2006 and shall come into operation on 1st April 2007.

(2) Words and expressions used in this Order and defined in the Rules have the same meaning as in the Rules.

(3) In this Order—

“the 1970 Act” means the Land Registration Act (Northern Ireland) 1970;

“the 2001 Act” means the Ground Rents Act (Northern Ireland) 2001;

“certificate of redemption” has the meaning assigned to it by section 7(2) of the 2001 Act;

“charge” (except in Part III of Schedule 1) means a charge on land to secure money and includes a sub-charge but not a statutory charge;

“equity-sharing lease” means a lease of land, the general effect of which is to provide—

(a)

that, in consideration of the granting of the lease, the lessee shall pay a capital sum, representing a part payment in respect of the cost of acquisition of the premises demised, and a rent; and

(b)

that the lessee may make additional part payments towards the said cost of acquisition and may exercise an option to purchase the whole or part of the lessor’s reversion in the premises demised;

“fees” means the fees to be taken in the Registry for the purposes of the 1970 Act and the 2001 Act;

“the Rules” means the Land Registration Rules (Northern Ireland) 1994(1) and a reference by number to a rule or Form is a reference to the rule or Form bearing that number in the Rules.

Commencement Information

I1 Art. 1 in operation at 1.4.2007, see art. 1(1)

(1)

S.R. 1994 No. 424 as amended by S.R. 2000 No. 165 and S.R. 2002 No. 229