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Provisions as to mortgages by subdemise.
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8.— (1) Where—
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(a) a lessee executes a mortgage by subdemise of the whole or part of the land comprised in his lease, retaining a nominal reversion therein, and
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(b) the land comprised in the subdemise is sold for the enforcement of the mortgage,
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the purchaser shall, for the purposes of this Act, be deemed to have acquired the interest of the lessee in the demised land for the entire of the unexpired term of the lease, including the period of the nominal reversion.
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(2) This section shall apply to mortgages and sales whether effected before or after the passing of this Act.
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