Section 66 — Land Transfer Act 1952: Certificates of title in respect of leasehold interests

66 Certificates of title in respect of leasehold interests (1) In the case of any lease, including a lease forming a folium of the register book in the office of the Registrar, the Registrar may, if in his opinion the number or nature of the entries thereon or in the register book renders it expedient so to do, issue to the registered proprietor a certificate of title for his leasehold interest. (2) The certificate of title shall refer to the lessor's certificate of title, if any, and to the lease, and shall state the date of commencement and the length of term, or the date of expiry of the term, created by the lease, and shall in all other respects be, with the necessary modifications, in Form No 2 in the said Schedule 1 to this Act, and shall be subject to the provisions of the lease and also to the provisions of this Act affecting leases. (3) On the determination of the lease, otherwise than by effluxion of time, the certificate of title shall be cancelled by the Registrar by endorsement on the folium of the register book, and on the expiry of the term of the lease the certificate of title shall be deemed to be so cancelled. (4) The Registrar shall enter a memorial of the issue of the certificate of title upon the lease and upon the outstanding duplicate thereof, and also upon the folium of the register book of the lessor's certificate of title (if any), and thereafter all dealings with or transmissions of the lease shall be registered on the certificate of title, and not on the folium of the register book of the lessor's certificate of title nor on the folium constituted by the lease nor on the outstanding duplicate of the lease. (5) All the provisions of this Act with respect to certificates of title shall, with the necessary modifications, apply to a certificate of title issued under this section in respect of a leasehold interest. (6) [Repealed] Compare: 1925 No 20 s 3 Subsection (6) was repealed, as from 10 December 1991, by section 2(2)(e) Land Transfer Amendment Act 1991 (1991 No 118).