(1) A lease for a specified period exceeding 2 years, or for the life of the lessor or of the lessee, or a lease which contains an option whereby the lessee may require the lessor to grant him or her a further term or terms which, together with the original term, exceed 2 years, shall be in the prescribed form, and shall be completed by—
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(a) opening a register in respect of the lease in the name of the lessee; and
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(b) filing the lease; and
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(c) noting the lease in the encumbrances section of the register of the lessor's land or lease.