Lessor’s options if Land Court decides lease may be forfeited

Current

(1)

If the Land Court decides a home ownership lease may be forfeited, the lessor may—

(a)

if the proposed forfeiture is subject to conditions decided by the court—forfeit the lease under this subdivision if the conditions of forfeiture are satisfied; or

(b)

otherwise—forfeit the lease under this subdivision.

(2)

If the proposed forfeiture is because of a breach of a lease condition, the lessor may decide not to forfeit the lease and instead allow the lease to continue subject to the lease being amended to include conditions agreed between the lessor and the lessee.

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131 Lessor’s options if Land Court decides lease may be forfeited