A transfer of a lease which has 7+ years left to run will trigger registration. Which option is correct?

• A. It triggers no registration
• B. It triggers a Land Charges registration only
• C. It cancels the existing lease
• D. It triggers registration

Answer: (D)

When a leasehold interest is transferred and there are seven years or more left on the term, the disposition is registrable. In the Land Registry system, leases of seven years or longer are treated as interests that must be registered to be effective against the world. So transferring such a lease creates a registrable disposition of land, which is why registration at the Land Registry is required. It isn’t just a Land Charges matter, and the transaction does not cancel the existing lease; rather, it transfers the leasehold interest to the new holder.