Where the application is a first registration, the clauses will be used as an indicator of the contents of the lease, and any interest contained in the lease, such as an option, will only be noted in another registered title when a separate application in form AP1, AN1 or UN1 (as appropriate) is made.
Advantages to using the clauses
Although use of the clauses with an application for first registration is purely voluntary, there are a number of advantages to their use. - Leases will be in a consistent and modern format.
- Completing the clauses will act as a reminder to apply for registration or noting of interests contained in the lease (eg. options).
- Applications for standard restrictions can be made using clause LR13 without the need to lodge a form RX1.
Please remember to use forms FR1, DL and DI with a first registration, not a form AP1.
This is the end of the chapter on first registrations. |