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LAND REGISTRATION ACT (NORTHERN IRELAND) 1970 - SECT 20

Effect of first registration of leasehold estate with an absolute title.

20.(1) On first registration of a person as full owner of a leasehold estate
with an absolute title, the leasehold estate shall, subject to subsections (3)
and (4), vest in the person so registered, whether or not it was theretofore
vested in him.

(2) On first registration of a person as limited owner of a leasehold estate
with an absolute title, the person so registered shall, subject to subsections
(3) and (4), be, in respect of that land, a tenant for life or, as the case
may require, a person having under the Settled Land Acts the powers of a
tenant for life, and that land shall be subject to the settlement in respect
of which that person is registered as limited owner.

(3) In either of the cases specified in subsections (1) and (2), the estate of
the registered owner shall be subject to

(a)any registered burdens affecting the estate;

(b)any other matters appearing from the register to affect the estate; and

(c)any Schedule 5 burdens affecting the estate;

(4) If, on first registration, the registered owner holds the estate as
trustee, nothing in this section shall affect his duties and liabilities as
such trustee.

© 1970 Crown Copyright

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