Lands Tasmania has recently published an office circular address two issues for clarification purposes:
- The first is the requirement to provide details of prior registered mortgages on the National Mortgage Form.
- The second is the requirement to lodge the original mortgage when lodging a full discharge of mortgage.
In relation to the National Mortgage Form, the details of prior registered mortgages do not need to be provided (this includes detailing leases)
In relation to a full Discharge of Mortgage, the original mortgage form does not need to be lodged.
The practice of lodging a partial discharge of mortgage in place if a full discharge of mortgage must cease. Any use of this practice will be met with a refusal to register.
If you have a requisition which only relates to either one or both of the two issues raised above, please return it to the Land Titles Office and no requisition fee will apply.
The above takes effect as of Friday 1 March 2019.
Disclaimer: The information herein has been prepared by SAI Global Property Division Pty Ltd ACN 089 586 872 from information released by the Authority cited on this page. It is provided as general background information only; it is not complete; and it does not comprehensively address this subject matter. Readers should not consider the information so provided as advice nor as a recommendation to take any particular course of action. Persons needing advice should consult their own solicitor, accountant or other professional adviser.