Lawzonline.com

 
 

 


  
  

 

 

115. Effect of surrender and forfeiture on underleases.- The surrender, express or implied, of a lease of immovable property does not prejudice an under lease of the property or any part thereof previously granted by the lessee, on terms and conditions substantially the same (except as regards the amount of rent) as those of the original lease; but, unless the surrender is made for the purpose of obtaining a new lease, the rent payable by, and the contracts binding on, the underlessee shall be respectively payable to and enforceable by the lessor.

The forfeiture of such a lease annuls all such underleases, except where such forfeiture has been procured by the lessor in fraud of the underlessees, or relief against the forfeiture is granted under section 114.

  
  
  
  
 

Central Bare Acts

 State Bare Acts
  
 

 

 

 

  
  
 
  
 
 

Home | Legal Dictionary | Law Schools | Law Digest | Bare Acts | Disclaimer |  Contact Us | Useful Links

 
  
  
  
 

 

 

Copy right : Indu Info (All rights reserved)