Obligation of lessor’s covenants to run with reversion
78 Obligation of lessor’s covenants to run with reversion
The obligation under a condition or of a covenant entered into by a lessor with reference to the subject‑matter of the lease shall, if and as far as the lessor has power to bind the reversionary estate immediately expectant on the term granted by the lease, be annexed and incident to and shall go with that reversionary estate, or the several parts thereof, notwithstanding severance of that reversionary estate, and may be taken advantage of and enforced by the person in whom the term is from time to time vested by conveyance, devolution in law, or otherwise; and if and as far as the lessor has power to bind the person from time to time entitled to that reversionary estate, that obligation may be taken advantage of and enforced against any person so entitled.
This section applies to leases made before or after the date of the coming into operation of this Act but not to any severance of the reversionary estate which was effected before that date.
This section takes effect without prejudice to any liability affecting a covenantor or his estate.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.