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Paragraph 2

Subject to paragraph 4, where a person is registered or deemed to be registered (otherwise than by virtue of paragraph 2 of Part I of Schedule 13) with a possessory title to any estate in registered land and an application is made for registration of a transfer of that estate for valuable consideration, the Registrar may—

(a)

on the application of the registered owner or of the transferee;

(b)

if satisfied thatF1 twelve years have elapsed since the first registration of the estate and the registered owner was, immediately prior to the transfer, in possession of the estate; and

(c)

after giving such notices as may be prescribed;

register the transferee—

  1. (i)

    in the case of a freehold estate, with an absolute title or, if the circumstances of the case so require, with a good fee farm grant title; or

  2. (ii)

    in the case of a leasehold estate, with a good leasehold title.

Annotations

Textual amendments

F1

1992 NI 7

Notes on the whole Act

Textual amendments

F1

Words in preamble of Act substituted (1.10.2009) by Constitutional Reform Act 2005 (c. 4), ss. 59(5), 148(1), Sch. 11 para. 6; S.I. 2009/1604, art. 2(d)