Housing (Freeholding of Land) Act 1957

In this division—beneficiary, in relation to a deceased lessee of an unconverted lease, means a person beneficially entitled to the lessee’s ownership of the unconverted lease.conversion cost, for an unconverted lease, means the total of the following amounts—

the amount equivalent to the declared percentage of the value amount of the lease;

any fees prescribed, at the time the lease is cancelled under this division, under the Land Act 1994 or the Land Title Act 1994 for the issue of a deed of grant for the land contained in the lease;

the costs reasonably incurred by the chief executive in converting the lease to freehold land.

register a document, an interest, land or something else, means to record the particulars of the thing in the appropriate register under the Land Act 1994 or the Land Title Act 1994.registered owner, of land in a deed of grant issued under this division, means the person recorded in the freehold land register as the registered owner of the land.unconverted lease means a residential lease in force immediately before the application day.