EM199511 Portfolio Operating Agreements - Ministry Municipal Affairs & Housing
Last revised:
October 31, 1995
Memo to:
Regional Managers
Land Registrars
From:
Arvind Damley
Deputy Director of land Registration
Contents of the memo:
This is to inform you that the above noted agreement between the Ministry of Municipal Affairs and Housing, and Non-Profit Housing Project owners has been approved for registration under both the Registry Act and the Land Titles Act.
Registration requirements are as follows:
Registry Act
The agreement will be registered under the Act on the abstract for the lands mentioned in Document General Form 4 in Box No. 6 and or schedule, if any, attached to the document.
Land Titles Act
The agreement will be abstracted under the Act on the Parcel Register for the land mentioned in Document General Form 4 in Box No. 6 and or schedule, if any, attached to the document, as a Notice, provided one of the following conditions are met:
- One of the parties to the agreement is the registered owner of parcel, or the registered owner has consented to the registration of the Notice, or
- In case of a leasehold parcel, one of the parties is the registered owner of the leasehold interest in the land, or
- In case of a freehold parcel, the registration particulars of the Notice of a lease are given and a statement that the attached agreement is with the current lessee and it affects the lessee’s interest in the said Notice of Lease.
Abstracting procedure
Section 8 (Page 12) Registry System Abstracting Standards is amended as follows:
8.4/Agreement/Ministry of Municipal Affairs and Housing/ABC Non-Profit Housing Corporation/(land)
Land Titles Act
Section 6 (Page 15) Land Titles System Abstracting Standards is amended as follows:
6.16/Notice/Ministry of Municpal Affairs and Housing/No. 12345/(Notice of Lease)
Original signed by:
Arvind Damley