Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) Land rent payable for a land rent lease is a charge on the interest held by the lessee in the parcel of land under the lease.
(2) The charge takes priority over a sale, conveyance, transfer, mortgage, charge, lien or encumbrance in relation to the parcel of land.
(3) The charge does not have effect against an honest purchaser of the parcel of land for value if—
(a) the purchaser had obtained a certificate under section 31 (Certificate of land rent and other charges) in relation to the parcel before the purchase; and
(b) at the time of the purchase, the purchaser did not have notice of liability under the charge.