299. Compulsory registration.

Registration of title is compulsory on specified types of transfers, leases and mortgages of a qualifying estate, which is either an unregistered freehold estate in land or a leasehold estate in land for a term which has more than seven years to run1. These are:

  1.  

    (1)     the transfer of a qualifying estate:

    1.  

      (a)     for valuable or other consideration2, by way of gift or in pursuance of an order of any court;

    2.  

      (b)     by means of an assent (including a vesting assent); or

    3.  

      (c)     giving effect to a partition of land subject to a trust of land;

  2.  

    (2)     the transfer