TRANSFER OF LAND ACT 1958 - SECT 87C Mortgagee or annuitant consent required for lease, easement or restrictive covenant

TRANSFER OF LAND ACT 1958 - SECT 87C

The creation, variation or surrender of a lease or the creation or variation of an easement or restrictive covenant, in respect of land subject to a mortgage or charge, is not valid or binding against a mortgagee or annuitant unless the mortgagee or annuitant has consented in writing to (as the case requires)—

        (a)     the creation, variation or surrender of the lease; or

        (b)     the creation or variation of the easement or restrictive covenant.

S. 87D inserted by No. 70/2014 s. 17.