Section 50 Property and Conveyancing Law of the Western Region of Nigeria 1959

Section 50 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Power to vary leases and to give licences and consents. It provides as follows:

(1) The trustees for sale may, at any time, by deed, either with or without
consideration in money or otherwise, vary, release, waive or modify, either
absolutely or otherwise, the terms of any lease whenever made of the trust land or any part thereof, in respect of the whole or any part of the land comprised in any such lease, but so that every such lease shall, after such variation, release, waiver or modification as aforesaid. be such a lease as might then have been lawfully made under this Law if the lease had been surrendered.

(2) Where land is or has been disposed of subject to any covenant requiring the
licence, consent, or approval of the covenantee or his successors in title as to

(a) the user of the land in any manner; or
(b) the erection, construction or alteration of or addition to buildings or works of any description on the land; or
(c) the plans or elevations of any proposed buildings or othet works on the land; or

(d) any other act, manner, or thing relating to the land, or any buildings or works thereon; or
(e) any assignment, under-letting or parting with the possession of all or any part of the property comprised in any lease affecting the trust land;

and the convenant enures for the benefit of trust land (including, where the
disposition is a lease, the reversion expectant on the determination thereof), the
licence, consent or approval may be given by the trustees for sale of the trust land affected.