s 87 Form and registration of leases
87.—(1) Registered land may be leased for any term of years exceeding 7 years by an instrument of lease in the approved form.(2) The Registrar must not register any lease unless —(a) the term is expressed to exceed 7 years; (b) the date of commencement of the term and its maximum duration are certain; and (c) the lease purports to confer on the lessee exclusive possession of land. (3) For the purposes of this section —(a) the fact that the term of a lease may be extended pursuant to an option must be taken into consideration in determining whether the term of the lease exceeds 7 years; and (b) the fact that a lease for a specified period of time is determinable on the happening of an event within that time must not be taken into consideration in determining the term of the lease. (4) A lease is not unregistrable by reason only of the fact that the possession of the lessee is expressed to be non-continuous. (5) Nothing in this Part affects the law relating to tenancies for terms of 7 years or less. —(1) Registered land may be leased for any term of years exceeding 7 years by an instrument of lease in the approved form. (2) The Registrar must not register any lease unless —(a) the term is expressed to exceed 7 years; (b) the date of commencement of the term and its maximum duration are certain; and (c) the lease purports to confer on the lessee exclusive possession of land. (3) For the purposes of this section —(a) the fact that the term of a lease may be extended pursuant to an option must be taken into consideration in determining whether the term of the lease exceeds 7 years; and (b) the fact that a lease for a specified period of time is determinable on the happening of an event within that time must not be taken into consideration in determining the term of the lease. (4) A lease is not unregistrable by reason only of the fact that the possession of the lessee is expressed to be non-continuous. (5) Nothing in this Part affects the law relating to tenancies for terms of 7 years or less.