Section 276
Provisions as to notices by chargees to receive rents
of National Land Code (Revised - 2020)
(1)
Any notice in Form 16j lawfully served by any chargee pursuant to subsection 272(2) or 275(7) shall continue in force, and be binding on the lessee or tenant on whom it is served and any subsequent transferee of the lease or tenancy in question, until it is—
(a)
withdrawn by the chargee; or
(b)
cancelled by the chargor on the grounds that the land comprised in the lease or tenancy has ceased to be subject to any liability under the charge; or
(c)
cancelled by any purchaser of the said land on a sale under Chapter 3.
(2)
The service of any such notice by any chargee shall, in favour of the lessee or tenant on whom it is served and any subsequent transferee of the lease or tenancy in question, be presumed to have been lawful until it is otherwise held by the
Court; and any receipt given by or on behalf of the chargee in respect of any payment made pursuant to the notice shall remain valid notwithstanding that the notice itself is subsequently held invalid.
292
Act 828
(3)
The cancellation of any such notice pursuant to paragraph (1)(b) or (c) shall be effected by the service on the lessee or tenant for the time being of a notice in Form 16l or 16m, as appropriate.
Application of Rents and Profits