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Land Transfer Act 2017

Dealings in estates and interests in land - Transfers, transmissions, and vesting - Transfers of estates and interests

75: Effect of transfer of leases and mortgages

You could also call this:

"What happens when a lease or mortgage is transferred to someone else"

Illustration for Land Transfer Act 2017

When you register a transfer instrument that transfers or assigns an estate or interest under a registered lease or mortgage, the transfer or assignment takes effect in accordance with the Property Law Act 2007. This means the estate or interest is given to the person it is being transferred to. The person it is being transferred to gets the rights and has to follow the rules of the person who originally had the estate or interest.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6731224.

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74: Transfer of part of land in record of title, or

"Transferring part of your land to someone else"

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76: Life and other limited freehold estates, or

"Registering life estates and other limited ownerships of land"

Part 3Dealings in estates and interests in land
Transfers, transmissions, and vesting: Transfers of estates and interests

75Effect of transfer of leases and mortgages

  1. On registration of a transfer instrument that transfers or assigns an estate or interest under a registered lease or mortgage, the transfer or assignment takes effect in accordance with the Property Law Act 2007 so that—

  2. the estate or interest vests in the transferee; and
    1. the transferee acquires the rights and becomes subject to the obligations of the transferor.

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