Landlord and Tenant Act, 1931

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Right to reversionary lease.

47.—(1) At any time within seven years before the expiration of a building lease, any person in possession of the land or any part of the land comprised in such lease and holding the same under such building lease or under a proprietary lease shall, subject to the provisions of this Part of this Act and on obtaining the consent (if any) required by this section, be entitled to obtain from the person in receipt (otherwise than as agent for another) of the rent reserved by such building lease a reversionary lease on the terms fixed by or under this Part of this Act of the said land so possessed and held by him as aforesaid.

(2) It shall not be necessary for a person claiming to be entitled under this section to a reversionary lease of land to obtain any consent for the purposes of the foregoing sub-section of this section where either such person is in occupation of the whole of such land or no tenant of such person on such land or any part thereof holds under a proprietary lease.

(3) Where a person claiming to be entitled under this section to a reversionary lease of land is not exempted by the foregoing sub-section of this section from obtaining any consent for the purposes of the first sub-section of this section, it shall be necessary for such person to obtain for the purposes of the said first sub-section the consent of every tenant and sub-tenant (if any) of such person holding such land or any part thereof under a proprietary lease to the granting of such reversionary lease to such person.

(4) Where a building lease has expired within five years before the passing of this Act and the lessee thereunder is at the passing of this Act in possession of the land comprised in such building lease either under a yearly tenancy arising by implication from the acts of the parties or as a tenant at will or without obtaining any new tenancy, such lessee and every person in possession of such land or any part thereof under a yearly tenancy which arose on the expiration of a proprietary lease by implication from the acts of the parties shall, during six months after the passing of this Act, severally have the same rights in relation to obtaining a reversionary lease under this Part of this Act as they would respectively have had within seven years before the expiration of such building lease if this Act had then been in force.