It is nothing more than a security device that can be enforceable in court.  In order to collect a levy on the land, it is necessary that they be written.  The most important thing to note is that there must be a clear intention to use the property as collateral for the payment of money.  In accordance with Section 77 of the Companies Act, 2013, each company receiving a royalty records the information signed by the company and its royalty holder at the same time as the established instruments.  The owner`s powers with respect to a registered tax consist of: (e) if the instrument is an additional obligation or complementary security agreement and claims to modify or extend a registered tax, the instrument must be in the form of c; (c) if the reasonable tax created by the security bond or agreement is a variable tax, the instrument is not required to be in Form C (in this case, the application for registration on Form 17 of B.C Reg. 334/79); Interest is set in the property for the payment of the debt and there is no transfer of interest. (6) As a general rule, the instruments covered in the subsection (5) cause involuntary royalties or are already under B.C reg. 334/79. Unless the Registrar renounces some form of application or is not subject to other requirements, the application for registration on Form 17 must be submitted. Lot is a term defined in Section 100 of Transfer of Property Act, 1882  (hereafter the TPA) and whose registration is covered by the Companies Act 2013.  A royalty is a right of interest or right created through an asset or property.