CONVEYANCING ACT 1919 - SECT 117
Rent and benefit of lessees' covenants to run with reversion
CONVEYANCING ACT 1919 - SECT 117
Rent and benefit of lessees' covenants to run with reversion
117 Rent and benefit of lessees' covenants to run with reversion
(1) Rent reserved by a lease and the benefit of every covenant or provision
therein contained having reference to the subject-matter thereof and on the
lessee's part to be observed or performed, and every condition of re-entry and
other condition therein contained shall be annexed and incident to, and shall
go with the reversionary estate in the land or in any part thereof immediately
expectant on the term granted by the lease, notwithstanding severance of that
reversionary estate, and shall be capable of being recovered, received,
enforced, and taken advantage of by the person from time to time entitled,
subject to the term, to the income of the whole or any part as the case may
require of the land leased.
This subsection extends to a covenant to do some act relating to the land,
notwithstanding that the subject-matter may not be in existence when the
covenant is made.
(2) The benefit of every condition of re-entry or
forfeiture for a breach of any covenant or condition contained in a lease
shall be capable of being enforced and taken advantage of by the person from
time to time entitled, subject to the term, to the income of the whole or any
part, as the case may require, of the land leased, although that person
became, by conveyance or otherwise, so entitled after the condition of
re-entry or forfeiture had become enforceable.
(3) This section shall not
render enforceable any condition of re-entry or other condition waived or
released before the person became entitled as aforesaid.
(4) This section
applies to--
(a) leases made after the commencement of this Act, and
(b)
leases made before the commencement of this Act, but with respect only to rent
accruing due after the commencement of this Act and to the benefit of a
condition of re-entry or forfeiture for a breach committed after the
commencement of this Act of any covenant, condition, or provision contained in
the lease.