Section 63 — Property Law Act 2007: Contingent remainders and interests

63 Contingent remainders and interests (1) A contingent remainder or contingent interest in land may follow a leasehold estate in the land. (2) A contingent remainder or contingent interest in land, expressed to take effect on the ending of a preceding estate in the land, does not become void because the preceding estate ends before the occurrence of the event or the fulfilment of the condition on which the contingent remainder or contingent interest depends. (3) Different estates in land vested in the same person do not merge if the estates are separated by the contingent remainder or contingent interest in the land of some other person. (4) In this section, contingent remainder or contingent interest means a remainder or interest that depends on— (a) a future event that may or may not occur; or (b) a condition that may or may not be fulfilled. Compare: 1952 No 51 s 20