| 释义 |
priority notice
In the case of unregistered land, a notice lodged at the Land Charges Department of the intended registration of a charge. The priority notice is lodged at least 15 days before the intended charge is to take effect, and the subsequent registration of the charge will be effective from the time the charge was created, provided the application for registration is presented within 30 days after the priority notice. Thus when A is about to convey land to B, who is to give a restrictive covenant in A’s favour, A may lodge a priority notice before completing the transaction and register the covenant afterwards. This will ensure that the covenant will bind any purchaser or mortgagee from B whose interest may arise before A can register the covenant as a charge. |