54Lease may be surrendered by execution of surrender in approved form

#### 54 Lease may be surrendered by execution of surrender in approved form 54 Lease may be surrendered by execution of surrender in approved form > > (1) Whenever any lease which is required to be registered by the provisions of this Act is intended to be surrendered, and the surrender thereof is effected otherwise than through the operation of a surrender in law or than under the provisions of any law at the time being in force relating to bankrupt estates, the lessee and lessor shall execute a surrender of the lease in the approved form. > > > (2) (Repealed) > > > (3) Upon registration of any such surrender, the estate or interest of the lessee in such land shall revest in the lessor, or in the person in whom having regard to intervening circumstances (if any) the said land would have vested if no such lease had ever been executed. > > > (4) (Repealed) > > > (5) A lease subject to a mortgage, charge or covenant charge shall not be so surrendered without the consent of the mortgagee, chargee or covenant chargee. > > **s 54:** Am 1970 No 23, sec 11 (i); 1979 No 164, Sch 12 (9); 1986 No 71, Sch 1 (9); 1999 No 58, Sch 1 \[10\].