Section 65 Certain leases registered near or after the appointed dayI1

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).

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