Environment Act 2021
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Change 1
121 Duration of obligation under conservation covenant
(1) An obligation under a conservation covenant has effect for the default period, unless the covenant provides for a shorter period. (2) The default period for the purposes of subsection (1) is— (a) if the qualifying estate in relation to the obligation is an estate in fee simple absolute in possession, a period of indefinite duration, and (b) if the qualifying estate in relation to the obligation is a term of years absolute, a period corresponding in length to the remainder of the period for which the term of years was granted.
121 Duration of obligation under conservation covenant
(1) An obligation under a conservation covenant has effect for the default period, unless the covenant provides for a shorter period. (2) The default period for the purposes of subsection (1) is— (a) if the qualifying estate in relation to the obligation is an estate in fee simple absolute in possession, a period of indefinite duration, and (b) if the qualifying estate in relation to the obligation is a term of years absolute, a period corresponding in length to the remainder of the period for which the term of years was granted.
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