373I
In forceRequirements of document creating profit a prendre
Chapter 6Registration and dealings
Part 4Dealings affecting land
Division 8BProfits a prendre
373I Requirements of document creating profit a prendre
(1)
A document creating a profit a prendre must—
(a)
be validly executed; and
(b)
include a description sufficient to identify the lease the subject of the profit a prendre; and
(c)
include a description of the profit a prendre to which the lease is subject, including the period for which the profit a prendre is to be enjoyed.
(2)
Subsection (1) does not limit the matters that the appropriate form for a document creating a profit a prendre may require to be included in the document.
(3)
The period mentioned in subsection (1)(c) must not be longer than the term of the lease.
This Act’s bill:Explanatory memorandum
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