Section 15 Right to lodge

(1)

Subject to subsection (3), a person may lodge a caution against the registration of title to an unregistered legal estate if he claims to be—

(a)

the owner of a qualifying estate, or

(b)

entitled to an interest affecting a qualifying estate.

(2)

For the purposes of subsection (1), a qualifying estate is a legal estate which—

(a)

relates to land to which the caution relates, and

(b)

is an interest of any of the following kinds—

(i)

an estate in land,

(ii)

a rentcharge,

(iii)

a franchise, and

(iv)

a profit a prendre in gross.

(3)

No caution may be lodged under subsection (1)—

(a)

in the case of paragraph (a), by virtue of ownership of—

(i)

a freehold estate in land, or

(ii)

a leasehold estate in land granted for a term of which more than seven years are unexpired;

(b)

in the case of paragraph (b), by virtue of entitlement to such a leasehold estate as is mentioned in paragraph (a)(ii) of this subsection.

(4)

The right under subsection (1) is exercisable by application to the registrar.