77. Options for renewal and for purchase
Feedback & supportRegistration of a lease containing an option for renewal or for purchase does not give the option (whether in the form of a covenant or otherwise) any greater effect than it would have had without such registration.
The memorial of registration of a lease containing an option shall not refer to the option.
After the determination of a lease containing an option, and whether or not the determination has been registered or notified on the land-register, a purchaser of land affected by the lease shall not be concerned to inquire whether any unregistered interest has been created in pursuance of the option.
land
“land” means the surface of any defined parcel of the earth, and all substances thereunder, and so much of the column of air above the surface as is reasonably necessary for the proprietor’s use and enjoyment, and includes any estate or interest in land and all vegetation growing thereon and structures affixed thereto. Subject to any provision to the contrary the proprietorship of land includes natural rights to air, light, water and support and the right of access to any highway on which the land abuts;
In registering or notifying the determination of a lease containing an option, the Registrar shall not be concerned to inquire whether the option has been exercised.[73
Registrar
“Registrar” means the Registrar of Titles appointed pursuant to this Act.