Rule 115 – Lease

(1) An application for registration of a lease duly created after first registration of the property affected as a burden shall be made by lodging in the Registry the lessee’s part of the lease with a duplicate or attested copy. The entry in the register shall give the date of the lease, the term and rent, and particulars of the property demised sufficient to identify it on the registry map.

(2) Pursuant to Section 70 of the Act, it is hereby prescribed that, on the registration of the lease as a burden where the unexpired residue of the term granted by the lease is more than twenty-one years, the ownership of the lease shall be entered in the appropriate register maintained under Section 8 of the Act.