147Right of mortgagee of lease not to be barred

147 Right of mortgagee of lease not to be barred

[Section 147 Amended by No. 23 of 2021, s. 125, Applied:01 Jan 2022] Nothing in this Act extends to bar the right of a mortgagee or encumbrancee of a lease or any part of a lease who is not in possession if that mortgagee or encumbrancee, within 180 days after the execution of the writ referred to in section 146 , pays all rent in arrears and all costs and damages sustained by the lessor and performs all the covenants and agreements which, on the part and on behalf of the first lessee, are and ought to be performed.