697. Partial discharge of leasehold property.

697.     Partial discharge of leasehold property.

The statutory provisions as to the realisation of leasehold mortgages1 do not apply where the mortgage term does not comprise the whole of the land included in the leasehold reversion, unless the rent, if any, payable in respect of that reversion has been apportioned, either legally or informally, as respects the land affected, or the rent is of no money value or no rent is reserved, and unless the lessee's covenants and the conditions, if any, have been apportioned either expressly or by implication, as respects the land affected2. Accordingly