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StatuteProperty Law Act 2007

Section 235 — Property Law Act 2007: Rights and obligations under lease after severance

Text of the provision Official document

235 Rights and obligations under lease after severance (1) This section applies to a lease if— (a) the reversion expectant on the lease is divided into different parts, and different persons are entitled to the income of those different parts (that is, a severance of the reversion as regards the land); or (b) the lease has terminated for part only of the land comprised in the lease (that is, a severance of the reversion as regards the estate). (2) The obligations referred to in section 231 and the rights and remedies to which section 233 applies— (a) must be apportioned; and (b) to the extent required by that apportionment, must remain attached, as the case requires, to— (i) each part of the reversion; or (ii) that part of the land for which the lease has not been terminated; and (c) may, to that extent, be— (i) enforced by the person entitled to enforce those obligations under section 231 ; or (ii) exercised by the person entitled to exercise those rights and remedies under section 233 . Compare: 1952 No 51 s 114

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.