PART 7Conservation covenants
Effect of conservation covenant
I1121Duration of obligation under conservation covenant
1
An obligation under a conservation covenant has effect for the default period, unless the covenant provides for a shorter period.
2
The default period for the purposes of subsection (1) is—
a
if the qualifying estate in relation to the obligation is an estate in fee simple absolute in possession, a period of indefinite duration, and
b
if the qualifying estate in relation to the obligation is a term of years absolute, a period corresponding in length to the remainder of the period for which the term of years was granted.