Question
Question 8 Jane has just listed her shopping centre for sale. Robert has placed an offer and Jane has accepted. The Contract of Sale has
Question 8 Jane has just listed her shopping centre for sale. Robert has placed an offer and Jane has accepted. The Contract of Sale has now been executed, which included the following information: ion L- Encumbrances Registered Easement 710987698 identified as Lot A on SP256123 to Smith and Co for access to and from their property. - Leases and Service Agreements Lease 1 to Sandra's Hair Salon. Period of 2 years plus 1 year option. Lease 2 to HM Supermarkets. Period of 4 years plus 4 year option. Lease 3 to Billy Goat Milk Supplies. Period of 2 years, no option. Lease 4 to Amanda's Fashion. Period of 3 years, 1 year option. The property is transferred to Robert at settlement, when Robert receives a copy of the Title Search for his records from his lawyer. He notices the easement has been removed from the Title Search and only the lease to Amanda's Fashion is as a registered interest. Respond to each question below. What are the interests which should be registered on title and why? What are the interests which do not need to be registered on title, in order to be 'indefeasible' and why? What type of easement was registered on title. As the easement is no longer shown on the title, is there an easement in place?
- Does the easement need to be reinstated?
NOTE: Include and define all key concepts and also provide detailed explanations for each point.
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