Section 51 Property and Conveyancing Law of the Western Region of Nigeria 1959

Section 51 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Power to apportion rents. It provides as follows:

(1) The trustees for sale may, at any time, by deed, either with or without
consideration in money or otherwise, agree for the apportionment of any rent
reserved or created by any such lease as mentioned in the last preceding section so
that the apportioned parts of such rent shall thenceforth be payable exclusively out
of or in respect of such respective portions of the land subject thereto as may be
thought proper, and also agree that any covenants, agreements, powers, or remedies for securing such rent and any other covenants or agreements by the lessee or grantee and any conditions shall also be apportioned and made applicable exclusively to the respective portions of the land out of or in respect of which the apportioned parts of such rent shall thenceforth be payable.

(2) Where the trust land, or any part thereof, is held or derived under a lease, or
subject to covenants, agreements or conditions, whether such lease comprises other land or not, the trustees for sale may at any time by deed, with or without giving or taking any consideration in money or otherwise, procure the variation, release, waiver, or modification, either absolutely or otherwise, of the terms, covenants, agreements, or conditions contained in such lease in respect of the whole or any part of the trust land comprised therein, including the apportionment of any rent, covenants, agreements, conditions, and provisions reserved, or created by, or contained in, such lease.

See also  Section 147 Investments and Securities Act 2025

(3) This section applies to leases made either before or after the commencement of
this Law.


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