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Right of lessee to continue in possession.
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12.—(1) A person to whom Part II of Act (No. 2) of 1978 applies by virtue of section 73 of the Act of 1980 and whose interest in the land has expired shall continue to be entitled to hold the land until either he is declared not to be entitled to acquire the fee simple or a grant to him of the fee simple is duly made and, during such period, he shall hold the land on the terms (so far as applicable) on which he previously held it, subject to all proper recoupments or adjustments.
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(2) Where an application is made in relation to the acquisition of the fee simple and the interest of the applicant in the land expires before the application is heard and determined, the applicant shall be entitled to remain in possession of the land until the application is finally heard and determined on the terms (so far as applicable) on which he previously held it, subject to all proper recoupments or adjustments.
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