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LAND ACT 1994 - SECT 164F
Effect of extension
164F Effect of extension
(1) If a rolling term lease is extended under this subdivision— (a) the
lease continues in force for the term of the extension; and
(b) the term of
the extension commences immediately after the lease would otherwise have
expired.
(2) Without limiting subsection (1) , on the commencement of the
term of the extension (the
"extension commencement" ) of a rolling term lease under this subdivision—
(a) a condition of the lease that, immediately before the
extension commencement, was or was taken to be, under this Act, an imposed
condition of the term lease, continues as an imposed condition of the term
lease as extended; and
(b) the term lease as extended is a lease for the same
purposes as the purposes of the term lease immediately before the
extension commencement; and
(c) the rent payable for the term lease
immediately before the extension commencement continues to be the rent payable
for the lease as extended, subject to adjustments applying from time to time
under this Act; and
(d) the lease as extended is subject to all relevant
registered interests, and to all advices and notings in the land registry, to
which the lease was subject immediately before the extension commencement, and
in the same priorities; and
(e) all acts done or omissions made in relation
to the lease before the extension commencement have effect in relation to the
term lease as extended. Example for paragraph (e)— A remedial action notice
could be given after the extension commencement in relation to something done
before the extension commencement.
(3) The granting of an extension of a
term lease under this subdivision does not stop the taking of action under
this Act in relation to the lease, including, for example, action to end the
lease, before the term of the extension commences or would otherwise have
commenced.
(4) The term of a rolling term lease may be extended under this
subdivision regardless of how many times it has previously been extended under
this subdivision or under other provisions of this Act or the repealed Act
providing for extensions.
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