Landlord and Tenant (Reversionary Leases) Act, 1958
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Right of proprietary lessee to a reversionary lease. |
12.— (1) A proprietary lessee, subject to section 15 of this Act and on obtaining the consent of every sublessee under him who holds the land or any part of the land demised by the proprietary lease under a sublease which is itself a proprietary lease, shall be entitled on application to obtain from his immediate lessor a reversionary lease of all the land demised by his proprietary lease— | |
(a) not earlier than fifteen years before the expiration of his proprietary lease, and | ||
(b) not later than the expiration of his proprietary lease or the expiration of three months from the service on him by his immediate lessor or any superior lessor of notice of the expiration of his proprietary lease, whichever is the later. | ||
(2) The notice referred to in paragraph (b) of subsection (1) of this section shall be a valid notice only if served not earlier than fifteen years before the expiration of the proprietary lease. | ||
(3) Where the proprietary lessee excludes from his application for a reversionary lease any part of the demised premises which is held on a sublease which is itself a proprietary lease, it shall not be necessary for him to secure the consent of that sublessee. |