Surrender of leases

(1) Where the lessor and the lessee agree that the lease shall be surrendered, it shall be surrendered in the following manner– (a) either an instrument shall be prepared in the prescribed form, or the word “surrendered” shall be inscribed on the lease or on the duplicate or triplicate thereof; (b) the instrument or inscription shall then be executed by the lessor or lessee; (c) the Registrar shall then cancel the registration of the lease; and (d) the instrument or inscribed lease shall then be filed, 47 and thereupon, or upon such earlier date as is expressed in the instrument or inscription, the interest of the lessee shall cease. (2) No lease which is subject to a charge or a sublease shall be surrendered without the consent in writing of the proprietor of the charge or sublease.