Releasing or removing a profit a prendre
97L Releasing or removing a profit a prendre
On lodgement of an instrument releasing a profit a prendre to which a lot is subject, the registrar may register the release to the extent shown in the instrument of release.
On registration of the instrument of release, the profit a prendre is discharged, and the lot is released from the profit a prendre, to the extent shown in the instrument of release.
Also, the registrar may remove a profit a prendre from the indefeasible title for a lot if a request to remove the profit a prendre is lodged, and it is clearly established 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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