s 68
In forceSurrenders
Part 8Conditions and requirements applying to leases
Division 1Conditions and requirements applying to leases other than term leases
68 Surrenders
(1)
The lessee of a lease may surrender all or part of the lease only if each of the following has given written agreement to the surrender—
(a)
the mortgagee of a registered mortgage of the lease or of an interest under the lease;
(b)
the holder of a sublease under the lease.
(2)
The lessee must notify the holder of a registered interest under the lease of the lessee’s intention to surrender the lease at least 28 days before the surrender takes effect.
(3)
The surrender of a lease may be on the basis of the payment of an agreed consideration for the surrender.
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