sec.331Effect of surrender on existing interests

### sec.331 Effect of surrender on existing interests If a lease or part of a lease is surrendered, other than absolutely, all interests in the lease or part of the lease at the time of surrender continue in the new lease or deed of grant. If a lease or freehold land is absolutely surrendered, all interests are extinguished from the day the surrender is registered. s 331 amd 2010 No. 12 s 143 (sec.331-ssec.1) If a lease or part of a lease is surrendered, other than absolutely, all interests in the lease or part of the lease at the time of surrender continue in the new lease or deed of grant. (sec.331-ssec.2) If a lease or freehold land is absolutely surrendered, all interests are extinguished from the day the surrender is registered.