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RENEWABLE LEASEHOLD CONVERSION ACT 1849 - SECT 12

Conversion of lessee's or under-lessee's interest not to affect demises made by him.

12. Where the estate held under any lease or under-lease in perpetuity is
converted under this Act into an estate of inheritance in fee simple, and such
estate was immediately before such conversion subject to any subsisting
under-lease or demise at will, or for any greater interest, the fee simple
into which such estate is so converted shall be the reversion immediately
expectant upon such under-lease or demise, and the rents and services reserved
and made payable upon such under-lease or demise shall be incident and annexed
to such reversion, and the covenants and agreements, whether express or
implied, on the part both of the landlord and the tenant, shall run with the
land and with the reversion respectively, in the same manner in all respects,
and to the same extent, as if such under-lease or demise had been made by a
person seised in fee simple in possession, and the estate in fee simple
created by such conversion as aforesaid had been the reversion expectant upon
such under-lease or demise; and such conversion shall not prejudice or affect
any right of distress, entry, or action which has accrued in respect of such
under-lease or demise before such conversion.


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© 1849 Crown Copyright

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