82Liability of mortgagee in possession of leased lot

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