Three years ago, Bernard leased a warehouse from Harold for a 5-year term. Although Bernard was given a properly executed lease agreement, he failed to register it in the land title office. Which of the following statements is FALSE?

1. (1)Bernard's interest is protected in any event because there are only two years left on the lease. Therefore, it is a lease for less than 3 years and does not have to be registered.
2. (2)Harold is prohibited under section 20(1) of the Land Title Act from denying Bernard's leasehold interest on the grounds that the agreement was not registered.
3. (3)Bernard's interest is still valid as against Harold.
4. (4)Unregistered leases greater than 3 years in length are not protected from third party buyers.