Property Law

You are a cadet valuer and your firm has been engaged to value a commercial block
of land. Identify and explain the land interests involved in the scenario below.
Midlands Pty Ltd is the registered owner of Lot 1 on RP605159. The land is subject
to a registered mortgage in favour of ABC Bank Pty Ltd. There is a registered lease
to The Girl’s Toyshop Pty Ltd for a period of three years. There is a registered
sublease to PartyGirl Pty Ltd for a period of two years. There is a registered
easement in favour of a gas energy company that runs along the rear boundary of
the lot.

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