71Folio of the Register for a leasehold estate

71 Folio of the Register for a leasehold estate

(1)  When a folio of the Register has been created for a leasehold estate, the Recorder –

(a) [Section 71 Subsection (1) amended by No. 36 of 2012, s. 26, Applied:13 Nov 2012] is to record the creation of that folio on the folio of the Register evidencing the lessor's title; and

(b) [Section 71 Subsection (1) amended by No. 36 of 2012, s. 26, Applied:13 Nov 2012] is to register on that leasehold folio all dealings with the lease.

(c) [Section 71 Subsection (1) amended by No. 36 of 2012, s. 26, Applied:13 Nov 2012] .  .  .  .  .  .  .  .  

(2)  [Section 71 Subsection (2) amended by No. 36 of 2012, s. 26, Applied:13 Nov 2012] [Section 71 Subsection (2) amended by No. 36 of 2012, s. 26, Applied:13 Nov 2012] On the determination of a lease, otherwise than by effluxion of time, the Recorder shall cancel the folio of the Register, or the edition of the folio of the Register, for the leasehold estate, and on the expiry of the term of the lease the folio, or the edition of the folio, of the Register for the leasehold estate shall be deemed to be so cancelled.