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RENEWABLE LEASEHOLD CONVERSION ACT 1849 - SECT 13

Saving of rights of superior owners and of under-lessees.

13. Provided always, that no grant made by the owner of any lease or
under-lease in perpetuity under this Act shall prejudice or affect the rights
of the owner of the reversion, or of any lease or under-lease superior in
tenure, or of the estates into which they may be respectively converted under
this Act, but all owners, lessees, under-lessees, and occupiers for the time
being of any land shall have the like rights and equities to be discharged of
and indemnified against fee-farm rents created under this Act as such owners,
lessees, under-lessees, and occupiers respectively would have had in respect
of the rents incident to the several reversions or estates converted into such
respective fee-farm rents; and the owners for the time being of all fee-farm
rents created under this Act shall be subject to and charged with the like
liabilities and shall have the like rights and equities to indemnify and to be
indemnified in respect of such fee-farm rents respectively as they would have
been subject to and would have had in respect of the reversions or estates
which have been converted into such respective fee-farm rents in case this Act
had not been passed.

© 1849 Crown Copyright

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