Profits

(1) The proprietor of land or of a lease may, by an instrument in the prescribed form, grant a profit. (2) The instrument shall indicate clearly the nature of the profit, the period for which it is to be enjoyed and– (a) whether it is to be enjoyed in gross, or as appurtenant to other land or a lease; and (b) whether it is to be enjoyed by the grantee exclusively or in common with the grantor. (3) The grant of a profit shall be completed– (a) by its registration as an encumbrance in the register of the land or lease which it affects; (b) where it is appurtenant to other land or a lease, by its registration in the property section of the register of the land or lease to which it is appurtenant; and (c) by filing the instrument. (4) A profit which is not appurtenant to land may be dealt with as though it were land. (5) A profit granted by the proprietor of a lease shall be capable of subsisting only during the subsistence of a lease.