130Rent and benefit of lessee's covenants to run with reversion

130 Rent and benefit of lessee's covenants to run with reversion (1) Rent reserved by a lease, the benefit of every covenant, obligation or term of the lease touching and concerning the land to be observed or performed on the lessee's part and every condition of re-entry and other condition contained in the lease is to be annexed and incident to and to go with the reversionary estate in the land or any part of the reversionary estate in the land immediately expectant on the term granted by the lease. (2) Subsection (1) applies despite severance of the reversionary estate in the land and without prejudice to any liability affecting a covenantor or the covenantor's estate. (3) Any rent, covenant, obligation or term referred to in subsection (1) is capable of being recovered, received, enforced and taken advantage of by the person from time to time entitled to the income of the whole or a part of the leased land. (4) If a person becomes entitled to the income of land by conveyance or otherwise, the rent, covenant, obligation or term referred to in subsection (1) may be recovered, received, enforced or taken advantage of by the person even though the person has become entitled to the income after the condition of re-entry or forfeiture has become enforceable. (5) Subsection (4) does not render a condition of re-entry or any other condition waived or released enforceable before the person is entitled to the income of the land. (6) This section applies to: (b) leases made before the commencement of this Act if, after that commencement: (i) accrued rent is due; or (ii) a breach of a covenant, condition, obligation or term of a lease is committed and the condition of re-entry or forfeiture is enforceable.

Law of Property Act 2000 86