—(1) The Registrar may presume that every instrument of transfer of land (other than a mortgage, charge or reconveyance) made in favour of a foreign person and lodged for registration with the Registrar is in respect of residential property and that any agreement for sale and purchase of the land was made after 11th September 1973 unless evidence to the contrary is produced to the satisfaction of the Registrar.
(2) Where any person acquiring an estate or interest in land under any such instrument of transfer employs an advocate and solicitor to act for him, the Registrar may require the advocate and solicitor to furnish an appropriate certificate or certificates in such form or forms as the Registrar may require. Such certificates shall be endorsed on the instrument of transfer.
(3) The Registrar has the power to refuse to accept any instrument of transfer for registration or to refuse to complete registration of such instrument —
where he is not satisfied with the evidence produced in accordance with subsection (1); or
where any certificate required under subsection (2) has not been furnished.