71Sub-leases

71 Sub-leases S. 71(1) amended by No. 9976 s. 11. (1) The registered proprietor of any lease may subject to any provision in his lease affecting his right so to do sub-let for any term of not less than three years by an instrument in an appropriate approved form. (2) Save as otherwise expressly provided the provisions of this Act affecting leases lessors and lessees shall apply to sub-leases sub-lessors and sub-lessees with such adaptations as are necessary. (3) If a lease is determined by forfeiture or operation of law or by surrender under any Act or law relating to bankrupts such determination shall determine the sub-lease. (4) In addition to the covenants specified by this Act to be implied in leases, there shall be implied in every sub-lease under this Act a covenant that the sub-lessor will during the term thereby granted pay the rent reserved by and perform and observe the covenants and agreements contained in the original lease and on his part to be paid performed and observed.