60Registering transfer

60 Registering transfer (1) Subject to subsections (2) and (3), a lot or an interest in a lot may be transferred by registering an instrument of transfer for the lot or interest. (2) To remove any doubt, except as provided in subsection (4), a part of a lot cannot be transferred. (3) A covenant in gross may only be transferred to a body referred to in section 168 of the Law of Property Act 2000. (4) Subsection (2) does not prevent the transfer of a part of a lot: (a) where there has been a compulsory acquisition; Land Title Act 2000 45 (b) where the subdivision is an excluded subdivision in terms of the Planning Act 1999; (c) where the transfer is occurring as part of the obligations of the Registrar-General under the Control of Roads Act 1953; or (d) in prescribed circumstances.