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StatuteProperty Law Act 2007

Section 231 — Property Law Act 2007: Burden of lessor’s covenants to run with reversion

Text of the provision Official document

231 Burden of lessor’s covenants to run with reversion (1) If the reversion expectant on a lease ceases to be held by the lessor (whether by transfer, assignment, grant, operation of law, or otherwise), the obligations imposed by every covenant of the lessor— (a) run with the reversion; and (b) may be enforced by the person who is from time to time entitled to the leasehold estate or interest against the person who is from time to time entitled to the reversion. (2) Subsection (1) applies unless a contrary intention appears from the lease or from another circumstance. (3) In subsection (1), the reference to every covenant of the lessor is,— (a) for a lease that comes into operation before 1 January 2008, a reference to every covenant of the lessor that refers to the subject matter of the lease; and (b) for a lease that comes into operation on or after that date, a reference to every covenant of the lessor, whether it refers to the subject matter of the lease or not. Compare: Grantees of Reversions Act 1540 , 32 Hen 8, c 34 (Imp); 1952 No 51 s 113

Official source: legislation.govt.nz

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.