373P
In forceEffect of surrender of lease on profit a prendre
Chapter 6Registration and dealings
Part 4Dealings affecting land
Division 8BProfits a prendre
373P Effect of surrender of lease on profit a prendre
(1)
If a lease subject to a profit a prendre is surrendered, other than absolutely, the profit a prendre is an interest in the lease that continues under section 331(1).
(2)
If a lease subject to a profit a prendre is surrendered absolutely, the profit a prendre is an interest that, under section 331(2), is extinguished from the day the surrender is registered.
This Act’s bill:Explanatory memorandum
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.