23Lease costs

23 Lease costs (1) Each party to a lease, or negotiations for a lease, must bear the party’s own costs in relation to the preparation of the lease. (2) However, if a party requires the lease to be registered under the Land Titles Act 1925, the party must pay any fee for registration of the lease. (3) For this section, if the lessor has a mortgagee, lessor’s costs include any fee for, or incidental to obtaining, the mortgagee’s consent to the lease. Note If the lessor requires the lease to be registered, the lessor must pay the costs under s (2) also.