Section 236 — Property Law Act 2007: Notice of termination of lease after severance
Text of the provision Official document
236 Notice of termination of lease after severance (1) This section applies to a lease if— (a) the reversion expectant on the lease is divided into different parts; and (b) a notice of termination of the lease is given after that division; and (c) the notice terminates the lease for part only of the land comprised in the lease. (2) The lessee may, within 20 working days after receiving the notice of termination referred to in subsection (1), terminate the lease for the residue of the land comprised in the lease by notice to the person entitled to the reversion of that residue. (3) A notice given by the lessee under subsection (2) takes effect on the date the notice of termination referred to in subsection (1) takes effect.
Official source: legislation.govt.nz
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