Jack Enters into a Lease with Mary for a Term

question 42

Multiple Choice

Jack enters into a lease with Mary for a term of one year.Before she leased the property,Mary granted a mortgage over the property to the Royal Bank of Canada.Mary does not advise the Royal Bank of Canada of the lease.A month later Mary defaults under the mortgage.Which of the following is true?

• A)The Royal Bank of Canada's title is subject to lease.
• B)The Royal Bank of Canada is bound by the lease and cannot obtain possession.
• C)The Royal Bank of Canada can evict Jack and sell the property.
• D)Jack can continue to observe the terms of the lease.
• E)The Royal Bank of Canada cannot evict Jack and get a new tenant.

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