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n registered, but has more than seven years to run at the date of the assignment (which may arise if it was created before the enactment of the LRA 2002) then the assignment gives rise to compulsory first registration of the leasehold estate (<span>LRA 2002, s 4(1)(a) and s 4(2)(b)). A contract to transfer a legal lease must comply with LP(MP)A 1989, s 2. Remember the transferee, at the contract stage, holds an equitable lease (provided specific performanc

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