Release and extinguishment of easements, profits and restrictive agreements

(1) Upon presentation of a duly executed release in the prescribed form, the registration of the easement, profit or restrictive agreement shall be cancelled, and the easement, profit or restrictive agreement shall thereupon be extinguished. (2) On the application of any person affected thereby, the Registrar may, after such advertisements as he may direct, cancel the registration of an easement, profit or restrictive agreement upon proof to his satisfaction that– (a) the period of time for which it was intended to subsist has expired; (b) the event upon which it was intended to terminate has occurred; or (c) it has been abandoned.