Instruments that require mortgagee or encumbrancee consent

Where land subject to a mortgage or encumbrance is being dealt with, it may be necessary to obtain the consent of the mortgagee or encumbrancee.

The following instruments require the mortgagee’s or encumbrancee’s consent as specified by the stated statutory provision (these refer to the Land Transfer Act 2017 unless specified otherwise).

Type Instrument description Statutory provision

AP17

Application for Record of Title ss172, or 204 LTA 2017 [1]

Section 172(5) and (8)

C132

Cancellation/Revocation/Rescission of Licence to Occupy

Sections 131(2) and 132(1)

COV

Forest Sink Covenant

Section 67ZA Forests Act 1949

E

Grant of Easement Without Transfer

Section 109(3)

EI

Easement Instrument

Section 109(3)

HCEC

Housing Corporation Easement Certificate

Section 26(2)(a) Housing Act 1955 - applies only if there is a pipeline easement

L

Lease [2]

Section 91(4)

MP

Memorandum of Priority

Section 102(6)

OL

Licence to Occupy

Sections 124(1) and 91(4)

PDPL

Partial Surrender of Deferred Payment Licence

Section 127(1) Land Act 1948

PP

Profit à Prendre

Section 109(3)

PSE

Partial Surrender of Easement

Section 109(4)

PSL

Partial Surrender of Lease

Section 94(4)

RCOV

Revocation / Cancellation of a Forest Sink Covenant

Section 67ZA Forests Act 1949

SDPL

Surrender of Deferred Payment Licence

Section 127(1) Land Act 1948

SE

Surrender of Easement without Transfer

Section 109(4)

SL

Surrender of Lease/Licence

Section 94(4)

SOL

Surrender of Licence to Occupy

Sections 130 and 131

SPP

Surrender of Profit à Prendre

Section 109(4)

T

Transfer of Licence to Occupy

Section 130(2)

TE

Transfer and Grant of Easement

Section 109(3)

TSE

Transfer and Surrender of Easement

Section 109(3)

UAPP

Application for Deposit of Unit Title Plan

Section 32(1)(d) Unit Titles Act 2010

VCOV

Variation of Forest Sink Covenant

Section 67ZA Forests Act 1949

VE

Variation of Easement

Section 112(4)

VENC

Variation of Encumbrance

Section 101(4) and (6)

VFL

Variation of Licence under Crown Forest Assets Act 1989

Section 31 Crown Forest Assets Act 1989 - optional but not binding if mortgagee hasn’t consented

VL

Variation of Lease

Section 93

VM

Variation of Mortgage

Section 101(4) and (6)

VPP

Variation of Profit à Prendre

Section 112(4)

 

[1] AP17 can be used for an Application for Record of Title under ss 155, 172 or 204 Land Transfer Act 2017. The mortgagee consent requirement applies only to applications made under ss 172 and 204 (if applicable).

[2] A cross lease requires the consent of every mortgagee of a share of the fee-simple estate affected by the cross lease – s91(4) Land Transfer Act 2017.  The same requirement applies to mortgagees of shares in a head lease when a leasehold estate is being cross leased.