69Surrender of lease

69 Surrender of lease S. 69(1) amended by No. 70/2014 s. 13. (1) The registered proprietor of a lease of freehold land or of a perpetual Crown lease or of a Crown lease for years may surrender the lease by an instrument in an appropriate approved form. S. 69(1A) inserted by No. 80/2009 s. 39. (1A) A lease may be partially surrendered under subsection (1) where the partial surrender applies to all of the land in a folio. S. 69(1B) inserted by No. 42/2017 s. 27(1). (1B) The surrender of lease under subsection (1) must be agreed to by the lessor and lessee of the lease. (2) Subsection (1) is in addition to any other method of determining the operation of a lease. S. 69(3) amended by No. 42/2017 s. 27(2). (3) On lodgement of an instrument in an appropriate approved form under subsection (1), the Registrar must remove the recording of the lease from the relevant folio of the Register and, on the removal of the recording, the estate and interest of the lessee vests— (a) in the case of the surrender of a perpetual Crown lease or a Crown lease for years, in the Crown; or (b) in any other case, in the registered proprietor of the land. No. 5842 s. 70. S. 70 amended by Nos 18/1989 s. 12(Sch. 1 item 101), 39/2006 s. 8.