55BDealings affecting common law leases

#### 55B Dealings affecting common law leases 55B Dealings affecting common law leases > > (1) Provisions of this Act that apply to and in respect of dealings affecting registered leases apply to and in respect of any dealings affecting a lease that is recorded as an encumbrance in a folio of the Register (a common law lease). > > > (2) However, registration of a dealing affecting a common law lease does not— > > > > > (a) imply that the lease is registered, or > > > > > (b) otherwise alter the effect that lease would have had in the absence of this section. > > > (3) The Registrar-General may reject or refuse to register a dealing lodged for registration that purports to affect a common law lease— > > > > > (a) if not satisfied as to the devolution of the lease, or > > > > > (b) if, for any other reason, of the opinion that the dealing would not have been registered if it had been a dealing lodged for registration that purported to affect a registered lease. > > **s 55B:** Ins 2005 No 68, Sch 1 \[12\].