Section 19

Upon the issue of a qualified certificate of title the Registrar shall endorse on the relevant folio of the land-register a caution warning persons dealing with the proprietor that the land therein comprised is held subject to any interest which affected it at the date of issue of the qualified certificate of title, and so long as the caution remains on the folio the land shall be so held.

In favour of any purchaser from the proprietor, a caution lapses at the expiration of 5 years from the date of issue of the qualified certificate of title, and the purchaser may request the Registrar to enter on the folio of the land-register a notification of the lapsing.

When the lapsing of a caution has been notified on the folio of the land-register, the certificate of title ceases to be qualified, and the land therein comprised is thenceforth held subject only to such interests as are registered or notified on the folio of the land-register and to such interests as are otherwise excepted by section 38.

Any person deprived of land by the operation of subsection (3) does not by reason of that deprivation have any claim against the assurance fund.

The proprietor of land comprised in a qualified certificate of title may at any time apply to the Registrar for cancellation of the caution endorsed thereon, and upon proof to his satisfaction that there are no outstanding interests which are not notified on the folio of the land-register the Registrar shall enter thereon a notification cancelling the caution.

For the purposes of section 138, the person upon whose application a caution is cancelled shall be deemed to be the person upon whose application the land was brought under the provisions of this Act.[16