absolute leasehold title

absolute leasehold title
The best form of title to registered leasehold land. Registration with this title vests in the proprietor the possession of the leasehold interest with all rights and privileges attached but subject to:
• Interests entered on the register. These will be in the form of charges, notices and restrictions. Cautions and inhibitions are no longer available under the Land Registration Act 2002 (LRA).
• Unregistered interests that override first registration (see overriding interests).
• Interests acquired under the Limitation Act 1980 of which the proprietor has notice. Notice includes matters discoverable by inspection and reasonable enquiry.
• All implied and express personal covenants, obligations and liabilities incident to the registered land.
(Section 12(4)(a), LRA.)
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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