National Land Code (Revised - 2020) · Updated to 15 Oct 2020 · Chapter 2 · Implied provisions
Section 249
Feedback & supportIn every charge created under this Act, there shall be implied on the part of the chargor—
an agreement that he will comply with the provisions thereof as to payment of the sum or sums thereby secured, and with any provision for the payment of interest thereon, if any; and
an additional agreement in the terms set out in subsection (2)
or (3), according as the subject matter of the charge is land or a lease.
land
“land” includes— (a) that surface of the earth and all substances forming that surface; (b) the earth below the surface and all substances therein; (c) all vegetation and other natural products, whether or not requiring the periodical application of labour to their production, and whether on or below the surface; (d) all things attached to the earth or permanently fastened to anything attached to the earth, whether on or below the surface; and (e) land covered by water;
267
The additional agreement by the chargor in the case of a charge of land shall be an agreement that he will during the continuance of the charge—
pay all rent falling due to the State Authority in respect of the land, and all rates, taxes and other outgoings relating thereto, and
duly observe and perform all conditions, express or implied, to which the land is subject.
The additional agreement by the chargor in the case of a charge of any lease shall be an agreement that he will during the continuance of the charge pay the rent reserved by the lease, and duly observe and perform all other provisions thereof, express or implied.