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StatuteProperty Law Act 2007

Section 232 — Property Law Act 2007: Rights under lease to which section 233 applies

Text of the provision Official document

232 Rights under lease to which section 233 applies (1) Section 233 applies to all or any of the following rights under a lease: (a) the right to receive the rent payable: (b) the right to enforce every covenant of the lessee, including a covenant relating to a subject matter that was not in existence when the covenant was made: (c) the right to enforce any guarantee of the performance of all or any covenants of the lessee: (d) all rights and remedies of the lessor. (2) In subsection (1)(b), the reference to every covenant of the lessee is,— (a) for a lease that comes into operation before 1 January 2008, a reference to every covenant of the lessee 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 lessee, whether it refers to the subject matter of the lease or not. (3) In subsection (1)(d), the reference to the rights and remedies of the lessor under a lease includes a reference to— (a) the right to give any notice under the lease; and (b) the right to take advantage of any condition of the lease; and (c) the right to re-enter or apply for an order of possession of the land; and (d) the right to cancel the lease. Compare: Grantees of Reversions Act 1540 , 32 Hen 8, c 34 (Imp); 1952 No 51 s 112

Official source: legislation.govt.nz

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