Section 305 — Property Law Act 2007: How rights under covenant to which section 303 applies rank in relation to other unregistered interests

305 How rights under covenant to which section 303 applies rank in relation to other unregistered interests (1) The rights under a covenant to which section 303 applies rank, in relation to all other unregistered interests affecting the same land, as if the covenant were an equitable and not a legal interest. (2) The ranking, under subsection (1), of rights under a covenant is subject to the effect of the notification of the covenant, under section 307 , in the register (as defined in section 2 of the Land Transfer Act 1952). Compare: 1952 No 51 s 64A(4)