Section 122
Issue of subsidiary certificate of title to registered lessee
of Land Titles (Strata) Act 1967
(1)
A registered lessee may by an application in the approved form apply to the Registrar for the issue of a subsidiary certificate of title in respect of the registered leasehold estate to the registered lessee’s flat.
(2)
The registered lessee must at the time of making the application surrender the registered lessee’s duplicate lease to the Registrar.
(3)
Upon the issue of a subsidiary certificate of title, the Registrar must enter a memorial in the volume and folio of the land-register of the registered land on or over which the flat is erected to the effect that a subsidiary certificate of title has been issued to the registered lessee for the registered leasehold estate.
(4)
The subsidiary certificate of title must be in the approved form and upon its issue any assurance or other dealing affecting the leasehold estate comprised therein is subject to the Land Titles Act 1993.