Releasing or removing a profit a prendre
373O Releasing or removing a profit a prendre
On lodgement of a document releasing a profit a prendre to which a lease is subject, the registrar of titles may register the release to the extent shown in the document.
On registration of the document, the profit a prendre is discharged, and the lease is released from the profit a prendre, to the extent shown in the document.
Also, the registrar of titles may remove a profit a prendre from a lease if a request to remove the profit a prendre is lodged, and the request clearly establishes that—
the period of time for which the profit a prendre was intended to subsist has ended; or
the event upon which the profit a prendre was intended to end has happened.
This Act’s bill:Explanatory memorandum
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