Section 234 — Property Law Act 2007: When rights arising from covenants may be exercised

234 When rights arising from covenants may be exercised (1) A person who is entitled under section 233(1) to exercise a right to which that section applies— (a) may exercise that right even though the basis for doing so first arose or accrued before the time at which that person became so entitled; and (b) is the only person entitled to exercise that right. (2) Subsection (1)(a) applies unless— (a) the right was waived; or (b) the lessee was released from the obligation to which the right relates. (3) Subsection (1)(b) applies unless the person who becomes entitled to exercise the right has agreed to the exercise of that right by some other person (in which case the right may be exercised by the other person to the extent so agreed). Compare: Grantees of Reversions Act 1540 , 32 Hen 8, c 34 (Imp); 1952 No 51 s 112