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LAND ACT 1994 - SECT 176Z
When payment obligations end if lease ends under part
176Z When payment obligations end if lease ends under part
(1) This section applies if a lease ends under this part.
(2) An obligation
to pay future rent and other amounts that may become payable in relation to
the lease stops on— (a) if the lease ends because an offer to convert the
lease to freehold land is accepted—the day the offer to convert the lease is
accepted; or
(b) otherwise—the day before the day on which the lease ends.
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