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Priority given by certificate of official search.
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108.—(1) Where the Registrar is satisfied that the person to whom a certificate of the result of an official search is issued has entered into a contract to purchase, take a lease of, or lend money on the security of a charge on, the land to which the certificate relates, the Registrar shall, at the request of that person, make an entry in the register in the prescribed form.
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(2) In any such case, an application for registration of the instrument to complete the contract shall, provided the application is in order and is delivered at the central office within a period of fourteen days after the date of issue of the certificate, rank in priority before any other application for registration made in respect of the land within that period.
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