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Land Title Act 2000
82Liability of mortgagee in possession of leased lot
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82 Liability of mortgagee in possession of leased lot
(1) A mortgagee of a leasehold interest in a lot who enters into
possession under the lease (whether by taking the rents or profits
or in another way) is liable under the lease to the same extent as
the lessee was liable under the lease before the mortgagee entered
into possession.
(2) However, the liability of the mortgagee under the lease is limited to
the amounts of rents, profits or other benefits received by the
mortgagee during the mortgagee's possession.
Land Title Act 2000 58