Property Alert definition
Property Alert means a notification service provided by the Land Registry to a Subscriber in respect of the land register of a particular land property for a certain subscription period. The service is to facilitate the Subscriber to monitor if any instrument affecting his property has been lodged for registration. To subscribe to the service in respect of the land register of a particular property (“Selected Register”), the Subscriber must be the current owner of that property as shown on the land register maintained by the Land Registry. To identify that particular property and the Selected Register, the Subscriber is required to provide the Land Registry with the address of that property or PRN of the land register of that property. Upon approval of the Subscriber’s application, Property Alert will be provided in respect of the Selected Register and the PRN thereof and the address of the property shown therein will be specified in the Customer Payment Receipt issued to the Subscriber. During the subscription period, when an instrument in respect of that property is delivered to the Land Registry or is being processed by the Land Registry for registration against the Selected Register under the Land Registration Ordinance (Cap.128), the Land Registry will send a notification to the Subscriber by email (“Property Alert notification”) providing the Subscriber with certain basic particulars of that instrument at one or more of the following different stages, where applicable, in the course of such registration process:
Property Alert means a notification service provided by the Land Registry to a Subscriber in respect of the land register of a particular land property for a certain subscription period. The service is to facilitate the Subscriber to monitor if any instrument affecting his property has been lodged for registration. To subscribe to the service in respect of the land register of a particular property (“Selected Register”), the Subscriber must be the current owner of that property as shown on the land register maintained by the Land Registry. To identify that particular property and the Selected Register, the Subscriber is required to provide the Land Registry with the address of that property or PRN of the land register of that property. Upon approval of the Subscriber’s application, the Property Alert will be provided in respect of the Selected Register and the PRN thereof and the address of the property shown thereon will be specified in the Customer Payment Receipt issued to the Subscriber. During the subscription period, when an instrument in respect of that property is delivered to the Land Registry or is being processed by the Land Registry for registration against the Selected Register under the Land Registration Ordinance (Cap.128), the Land Registry will send a notification to the Subscriber by email (“Property Alert notification”) providing the Subscriber with certain basic particulars of that instrument at one or more of the following different stages, where applicable, in the course of such registration process:
3.1 The instrument appearing in the “Deeds Pending Registration” section of the land register, namely, the information of the instrument is entered on the Selected Register as required under regulation 10(d)(i) of the LRR.
3.2 Removal of the instrument from the “Deeds Pending Registration” section of the land register, namely, the information of the instrument that has previously been entered as required under regulation 10(d)(i) of the LRR is removed from the Selected Register for whatever reason.
3.3 Completion of registration and imaging of the instrument, namely, the instrument is registered under regulation 14 and becomes available for search under the provision of regulation 21(1)(a)(ii) of the LRR. After the completion of registration of the instrument, no further Property Alert notification will be issued in relation to that registered instrument.
Examples of Property Alert in a sentence
If there is a breach of any term or condition of this agreement on the part of the Subscriber, to terminate the Property Alert forthwith by giving a notice in writing stating the nature of breach (“Notice of Breach”) and such notice will be effective upon being sent to the Subscriber’s Property Alert Email Address or on such later date as otherwise stated in the notice.
A termination notice will be sent by the Land Registry to the Subscriber’s Property Alert Email Address by electronic means to inform the Subscriber of the termination of the service.