(1) Whenever –
(a) an application in writing for the discharge of a caution is made by the registered owner of the property affected; or
(b) a dealing of which the cautioner requires notice is presented for registration without the consent of the cautioner; notice shall be sent to the cautioner warning him/her that his/her caution will lapse after the time stated in the notice.
(2) The time to be specified in a warning notice shall be 21 days or such other period as the Authority may, in the special circumstances of a case, direct.
(3) The notice shall be in Form 73 or 74.