2. The Conveyancing and Law of Property Act is amended —| (a) | by inserting, immediately after section 18, the following section:“Relief against forfeiture by action for non-payment of rent. Cf. 4 George II c. 28 (Landlord and Tenant Act 1730) County Courts Act 1984, s. 138 18A.—(1) This section has effect where a lessor is proceeding by action to enforce against a lessee a right of re-entry or forfeiture in respect of any immovable property for non-payment of rent.| (2) If, within the time prescribed by rules of court for acknowledging service of the writ by which the action was commenced, the lessee pays into court all the rent in arrear and the costs of the action, the action shall cease, and the lessee shall hold the land according to the lease without any new lease. |
(3) If —| (a) | the action does not cease under subsection (2); and | | (b) | the court at the trial is satisfied that the lessor is entitled to enforce the right of re-entry or forfeiture, |
| the court shall order possession of the land to be given to the lessor at the expiration of such period, but not being less than 4 weeks from the date of the order, as the court thinks fit, unless within that period the lessee pays into court all the rent in arrear and such sum as the court shall direct on account of the costs of the action. |
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| (4) The court may extend the period specified under subsection (3) at any time before possession of the land is recovered in pursuance of the order under that subsection. |
(5) Subject to subsection (6), if —| (a) | within the period specified in the order; or | | (b) | within that period as extended under subsection (4), |
| the lessee pays into court — |
| (i) | all the rent in arrear; and | | (ii) | the sum directed to be paid on account of the costs of the action, |
| he shall hold the land according to the lease without any new lease. |
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| (6) Subsection (2) shall not apply where the lessor is proceeding in the same action to enforce a right of re-entry or forfeiture on any other ground as well as for non-payment of rent, or to enforce any other claim as well as the right of re-entry or forfeiture and the claim for arrears of rent. |
(7) If the lessee does not —| (a) | within the period specified in the order; or | | (b) | within that period as extended under subsection (4), |
| (i) | all the rent in arrear; and | | (ii) | the sum directed to be paid on account of the costs of the action, |
| the order may be enforced and so long as the order remains unreversed the lessee shall be barred from all relief. |
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| (8) The extension under subsection (4) of a period fixed by the court shall not be treated as relief from which the lessee is barred by subsection (7) if he fails to pay into court all the rent in arrear and the sum directed to be paid on account of the costs of the action within that period. |
(9) Where the court extends a period under subsection (4) at a time when —| (a) | that period has expired; and | | (b) | a writ of possession in respect of the property has been issued, |
| the court shall suspend the writ for the extended period, and if, before the expiration of the extended period, the lessee pays into court all the rent in arrear and the sum directed to be paid on account of the costs of the action, the court shall cancel the writ. |
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(10) Nothing in this section shall be taken to affect —| (a) | the power of the court to enter final judgment in a case where the defendant fails to give notice of intention to defend; or | | (b) | the power of the court to make any order which it would otherwise have power to make as respects a right of re-entry or forfeiture on any ground other than non-payment of rent.”; |
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| | (b) | by inserting, immediately after Part XII, the following Part:| Restrictions on accumulation of income. Cf. 39 and 40. George III, c. 98 (Accumulations Act 1800) Law of Property Act 1925, s. 164 |
69A.—(1) No person may by any instrument or otherwise settle or dispose of any property in such manner that the income thereof shall, except as provided in subsection (2), be wholly or partially accumulated for any longer period than one of the following, namely:| (a) | the life of the grantor or settlor; | | (b) | a term of 21 years from the death of the grantor, settlor or testator; | | (c) | the duration of the minority or respective minorities of any person or persons living or en ventre sa mere at the death of the grantor, settlor or testator; | | (d) | the duration of the minority or respective minorities only of any person or persons who under the limitations of the instrument directing the accumulations would, for the time being, if of full age, be entitled to the income directed to be accumulated; | | (e) | a term of 21 years from the date of the making of the disposition; or | | (f) | the duration of the minority or respective minorities of any person or persons in being at the date of the making of the disposition. |
In every case where any accumulation is directed otherwise than as aforesaid, the direction shall, except as provided in subsection (2), be void; and the income of the property directed to be accumulated shall, so long as the same is directed to be accumulated contrary to this section, go to and be received by the person or persons who would have been entitled thereto if such accumulation had not been directed.(2) This section does not extend to any provision —| (a) | for payment of the debts of any grantor, settlor, testator or other person; | | (b) | for raising portions for —| (i) | any child, children or remoter of any grantor, settlor or testator; or | | (ii) | any child, children or remoter issue of a person taking any interest under any settlement or other disposition directing the accumulations or to whom any interest in thereby limited, |
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| and accordingly such provisions may be made as if no statutory restrictions on accumulation of income had been imposed.”; and |
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| | (c) | by inserting, immediately after section 73, the following sections:“Co-owner liable to account. Cf. 4 and 5 Ann, c. 3 (Administration of Justice Act 1705) 73A. A joint tenant or tenant in common shall be liable to account to his co-owner for receiving more than his share or proportion of any rents or profits arising from the property.| Voluntary conveyances to defraud creditors voidable. Cf. 13 Eliz. c. 5 (1571) Law of Property Act 1925, s.172 |
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73B.—(1) Except as provided in this section, every conveyance of property, made whether before or after 12th November 1993, with intent to defraud creditors, shall be voidable, at the instance of any person thereby prejudiced.| (2) This section does not affect the law relating to bankruptcy for the time being in force. |
(3) This section does not extend to any estate or interest in property disposed of for valuable consideration and in good faith or upon good consideration and in good faith to any person not having, at the time of the disposition, notice of the intent to defraud creditors.| Voluntary disposition of land how far voidable as against purchasers. Cf. 27 Eliz. c.4 (1584-5) Law of Property Act 1925, s.173 |
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73C.—(1) Every voluntary disposition of immovable property made with intent to defraud a subsequent purchaser is voidable at the instance of that purchaser.| (2) For the purposes of this section, no voluntary disposition shall be deemed to have been made with intent to defraud by reason only that a subsequent disposition for valuable consideration was made.”. |
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