Section 80 — Building Act 2004: Certificates of title for 2 or more allotments subject to registered instrument

80 Certificates of title for 2 or more allotments subject to registered instrument (1) This section applies if— (a) an entry referred to in section 78(1) is made on 2 or more certificates of title; and (b) any of the land less than the whole of the land comprised in all those certificates of title is, at the time the entry is recorded, independently subject to a registered instrument under which a power to sell, a right of renewal, or a right or obligation to purchase is lawfully conferred or imposed; and (c) that power, right, or obligation referred to in paragraph (b) becomes exercisable but is not able to be exercised or fully exercised because of section 79 . (2) The whole of the land comprised in all those certificates of title is taken to be subject to the registered instrument and all the powers, rights, and obligations under the instrument, as if the instrument had been registered against the land at the time the entry is recorded. Compare: 1991 No 150 s 37(4)