Australian Capital Territory Current Acts

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Surrender and regrant of lease of land affected by caveat

    (1)     This section applies, subject to any order of the court, if—

        (a)     a caveat has been registered in relation to land; and

        (b)     the caveat has not lapsed or been removed; and

        (c)     the lease of the land is surrendered by the lessee and a new lease of the land comprised in the surrendered lease is granted to the lessee.

    (2)     The operation or effect of the caveat is not affected by the surrender of the lease and the grant of the new lease.

    (3)     If the registrar–general makes a record in the register of the grant of the new lease, the registrar-general must also make a record of the caveat in relation to the new lease.

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