47. Termination of lease following lessee's default

(1) The registering of the termination of a lease does not release the lessee from liability for breach of a covenant, either express or implied, in the lease.
(2) After the termination of a registered lease containing an option to renew or purchase —
(a) the Registrar need not enquire whether the option has been exercised; and
(b) a person dealing with the lessor need not enquire whether any unregistered interest has been created in exercise of the option.