47Order about re-entry or forfeiture

#### 47 Order about re-entry or forfeiture 47 Order about re-entry or forfeiture > > (1) If a lessor has brought legal proceedings to enforce a right of re-entry or forfeiture under a lease of a lot in a leasehold strata scheme, the Supreme Court may, on application by a mortgagee, chargee or covenant chargee of the lot make an order— > > > > > (a) staying the proceedings on the terms the Supreme Court considers just and equitable, and > > > > > (b) vesting, for the remaining term of the lease or a shorter term, the lease of the lot in the mortgagee, chargee or covenant chargee on the conditions the court considers just and equitable, including, for example, conditions relating to— > > > > > > > (i) the execution of a dealing or other document, or > > > > > > > (ii) the payment of rent, or > > > > > > > (iii) costs, expenses, damages or compensation, or > > > > > > > (iv) the giving of a security. > > > (2) The order may be made— > > > > > (a) in proceedings brought for the purpose by the mortgagee, chargee or covenant chargee, or > > > > > (b) in the proceedings brought by the lessor that are already in the Supreme Court.