In the case of tenancies granted before 1 January 19961, rent reserved by a lease is annexed and incident to and passes with the reversionary estate in the land, or in any part thereof, immediately expectant on the term granted by the lease2. If it is reserved to a third party, it is not a true rent, but the third party may recover it by bringing a claim3. Similarly, no rent can be reserved on the assignment of a lease, as no reversion remains in the assignor, but here also the reservation is to be treated as a contract
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