Section 158

When any land is intended to be subleased for any term exceeding one year, the proprietor and the sublessee shall execute for the purpose of registration a memorandum of sublease in Form L in the First Schedule, which memorandum shall give such description of the land as may be necessary to identify the same and shall refer to any entry in the Register relating thereto. Any such sublease may also include an agreement by the sublessee that he will insure and keep the property insured against loss or damage by fire and also such other conditions as may have been agreed to by the parties.