SCHEDULE 2
CONSEQUENCES OF CONVERSION OF PERPETUALLY RENEWABLE LEASES
Continuance of certain provisions of lease or sublease (1) (1) The estate in fee simple...
Continuance of certain provisions of lease or sublease
1.(1) The estate in fee simple which comes into existence under paragraph (4), or paragraphs...
Rights and equities
2.(1) Subject to the provisions of this Schedule (and, in particular to paragraph 1(2)), the...
Wills
3.(1) Any provision of a will in respect of the estate created by the lease...
Sub-leases not perpetually renewable
4.Sub-leases not coming within Article 36(5) continue to have effect, and, in the case of...
Implied covenants
5.The fee simple is subject to— (a) an implied covenant by the owner thereof to...
Liability of original owner of the fee simple.
6.(1) The person who becomes the owner of the fee simple on the appointed day...
Adjustment of rent to compensate for loss of fines
7.(1) Where, under the lease, any fine was payable by the lessee on renewal, then...
8.(1) Where— (a) the owner of the fee simple and the person entitled to the...
Powers of trustees
9.(1) A power authorising a trustee or other person to apply or direct the application...
Interpretation
10.In this Schedule references to the former lessor are to the person who, immediately before...