SCHEDULES

SCHEDULE 2N.I.CONSEQUENCES OF CONVERSION OF PERPETUALLY RENEWABLE LEASES

Liability of original owner of the fee simple.N.I.

6.—(1) The person who becomes the owner of the fee simple on the appointed day is, notwithstanding any stipulation to the contrary, liable for fee farm rent accruing and for breaches of covenants and conditions committed only during the period he remains such owner.N.I.

(2) Sub-paragraph (1) does not affect the liability of any person in respect of rent accruing, or the breach of any covenant or condition occurring, before the appointed day.