Land Registration etc. (Scotland) Act 2012 · Part 9 Rights of persons acquiring etc. in good faith

92 Extinction of encumbrance when lease assigned

s. 92 · in force: yes

Captured statutory text (L5)

92 Extinction of encumbrance when lease assigned

(1)Where the conditions mentioned in subsection (2) are met, a person (“A”) who acquires a registered lease on registration or on a later date by virtue of section 88(4)(b)—

(a)takes that lease free of an encumbrance—

(i)of a kind mentioned in subsection (4), and

(ii)which is not entered in the title sheet as at the date on which A acquires the registered lease, and

(b)any such encumbrance is extinguished.

(2)The conditions are that, as at the date on which the lease is acquired—

(a)A is in good faith, and

(b)the title sheet is not, by virtue of section 67, subject to a caveat relevant to such acquisition by A.

(3)Subsection (1) does not apply to an heritable security which is not entered in the securities section of a shared lease title sheet by virtue of paragraph 8(b) of schedule 1.

(4)The encumbrances are—

(a)a heritable security over the lease,

(b)a title condition such as is mentioned in paragraph (d) or (e) of the definition of “title condition” in section 122(1) of the Title Conditions (Scotland) Act 2003 (asp 9).

Full captured verbatim text

(1) Where the conditions mentioned in subsection (2) are met, a person (“A”) who acquires a registered lease on registration or on a later date by virtue of section 88(4)(b)—

(a) takes that lease free of an encumbrance—

(i) of a kind mentioned in subsection (4), and

(ii) which is not entered in the title sheet as at the date on which A acquires the registered lease, and

(b) any such encumbrance is extinguished.

(2) The conditions are that, as at the date on which the lease is acquired—

(a) A is in good faith, and

(b) the title sheet is not, by virtue of section 67, subject to a caveat relevant to such acquisition by A.

(3) Subsection (1) does not apply to an heritable security which is not entered in the securities section of a shared lease title sheet by virtue of paragraph 8(b) of schedule 1.

(4) The encumbrances are—

(a) a heritable security over the lease,

(b) a title condition such as is mentioned in paragraph (d) or (e) of the definition of “title condition” in section 122(1) of the Title Conditions (Scotland) Act 2003 (asp 9).

What this provision means

Model summary, checked against the text on the left.

Relevance to Signicat: 1/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

An assignee in good faith takes a registered lease free of certain unentered encumbrances, extinguishing them.

Only the one-line summary above is stored for this provision; the text itself is the evidence.

Refers to

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schedule ref schedule_ref · Sch. 1 para. 9

cross-reference internal_cite · s. 67

cross-reference internal_cite · s. 88

Referred to by

No captured references.

Part summaries

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L1 unavailable for current verification: the overall summary needs every part verified. Provisions and the verified summaries remain readable.

Verification findings (297)

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Instrument tier unavailable

Change history as published

Sch. 5 para. 15 repealed (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 7 (with Sch. 5)

Sch. 5 para. 32 omitted (1.10.2013) by virtue of The Property Misdescriptions Act 1991 (Repeal) Order 2013 (S.I. 2013/1575), art. 1, Sch. para. 16

Pending effects amendments not yet applied to this text

Sch. 3 para. 27(a) word substituted by The Land Registration etc. (Scotland) Act 2012 (Amendment and Transitional) Order 2014 art. 2(2) · Effective date unknown · Sch. 3 para. 27

s. 42(1) word repealed by Land Reform (Scotland) Act 2025 s. 3(9)(a)(i) · Effective date unknown · s. 42

s. 42(1)(c)(d) inserted by Land Reform (Scotland) Act 2025 s. 3(9)(a)(ii) · Effective date unknown · s. 42

s. 42(2) words inserted by Land Reform (Scotland) Act 2025 s. 3(9)(b) · Effective date unknown · s. 42

s. 48A 48B and cross-heading inserted by Land Reform (Scotland) Act 2016 s. 43(2) · Effective date unknown

Show all 9

s. 116(3)(ba)(bb) inserted by Land Reform (Scotland) Act 2016 s. 43(3) · Effective date unknown · s. 116

s. 121(1) words inserted by Land Reform (Scotland) Act 2016 s. 43(4)(a) · Effective date unknown · s. 121

s. 121(3) words substituted by Land Reform (Scotland) Act 2016 s. 43(4)(b)(i) · Effective date unknown · s. 121

sch. 5 para. 8 repealed by Trusts and Succession (Scotland) Act 2024 Sch. 2 · Effective date unknown · Sch. 5 para. 8

Provenance

Every claim the system makes about this text is traceable to these identifiers.

Instrument: uk:asp/2012/5
Part: Part 9 Rights of persons acquiring etc. in good faith
Version: 7f3340363cea2bf3616500f4…
Content hash: sha256 9d59453f803038249dd71ae7…
Source: legislation.gov.uk/asp/2012/5