Loughnan v Jamieson - [1928] NZLR 298

Landlord and Tenant — Lease for Twenty Years — Covenant to deliver up at Expiry of Term — Provisions for Valuations prior to End of Term — Of Improvements and of Fair Annual Grount-rent for Further Term — Also for Sale of Further Term by Auction and Payment by Purchaser to Lessees of Value of Improvements — Steps prescribed by Lease not taken by either Party — Lessees remaining in Possession after End of Term — Rights under Lease lost through Want of Diligence — Statutory Tenancy — Property Law Act, 1908, s 16.