15 Dec 2009
QUAY LEASE LTD V SHELL NEW ZEALAND LTD HC AK CIV 2009-404-001930
- Citation
- openlaw-13303180_dfa1_49df_ae7a_1ed39949ea93.pdf
- Court
- High Court
The s 85 Land Act 1948 rent rebate provision as incorporated into the lease constitutes a covenant that touches and concerns the land, affects the value of the reversion, and therefore runs with the reversion and binds Quay Lease; statutory and regulatory provisions preserved s 85's application to the lease and reference to the Minister of Finance retains effect.