A withdrawal or termination of a registered option to purchase must be entered under the General Frame, ie code "G", with a Noting: "Withdrawal/termination of option to purchase". Enter the registered option to purchase as a Principal Deed. Enter the purchaser of the option as a Vendors entry.
Enter the vendor of the option as a Purchasers entry.
A withdrawal or termination of an unregistered option to purchase must be entered under the General Frame, ie code "G", with a Noting: "Withdrawal/termination of option to purchase dated ...". If Old System land is affected enter the Locality and Link Conveyance.
Enter the purchaser of the option as a Vendors entry.
Enter the vendor of the option as a Purchasers entry.