(1) An instrument to transfer or create an interest in a lot, other than a mortgage, must be executed by:
(a) the transferor or the person creating the interest; and
(b) the transferee or the person in whose favour the interest is to be created.
(1A) A mortgage may be executed by:
(a) the mortgagee; or
(b) a solicitor or other agent of the mortgagee.
(2) A total or partial discharge of a mortgage need only be executed by the mortgagee.
(3) For an instrument that is an electronic conveyancing document, subsections (1), (1A) and (2) apply subject to the form approved for the instrument under section 7 of the Electronic Conveyancing National Law (NT) .