����Ӱ��

Section 119(3) of the Settled Land Act 1925 ceases to have effect.

(1)     The Law of Property Act 1925 is amended as follows.

(2)     In section 44, after subsection (4) there is inserted—

“(4A)     Subsections (2) and (4) of this section do not apply to a contract to grant a term of years if the grant will be an event within section 4(1) of the Land Registration Act 2002 (events which trigger compulsory first registration of title).”

(3)     In that section, in subsection (5), for “the last three preceding subsections” there is substituted “subsections (2) to (4) of this section”.

(4)     In that section, at the end there is inserted—

“(12)     Nothing in this section applies in relation to registered land or to a term of years to be derived out of registered land.”

(5)     In section 84(8), the words from “, but” to the end are omitted.

(6)     In section 85(3), for the words from the beginning to the second “or” there is substituted “Subsection (2) does not apply to registered