Section 233 — Property Law Act 2007: Benefit of lessee’s covenants to run with reversion
Text of the provision Official document
233 Benefit of lessee’s covenants to run with reversion (1) If the reversion expectant on the lease ceases to be held by the lessor (whether by transfer, assignment, grant, operation of law, or otherwise), the rights to which this section applies— (a) run with the reversion; and (b) may be exercised by the person who is from time to time entitled to the income of the land, whether or not the lessee has acknowledged that person as lessor (that is, with or without attornment by the lessee). (2) Subsection (1) applies unless a contrary intention appears from the lease or from another circumstance. 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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