(1) On the alienation or devolution of ownership of a small holding the incoming owner of the holding shall be bound by any contract subsisting at the time of such alienation or devolution (irrespective of his or her having notice of it or not) and the incoming owner shall have the same rights and remedies as if he or she had been the original owner.
(2) On the death of the tenant his or her personal representatives shall succeed to all his or her rights under a contract of tenancy, and the landlord shall not terminate the contract if the widow, widower, or child of the deceased tenant is able and willing to take over the contract of tenancy.
(3) It shall be the duty of the vendor of any land in respect of which a contract of tenancy exists to give notice to an intending purchaser of such contract.
(4) Any landlord who fails to comply with the provisions of subsection (3) is liable on summary conviction to a fine not exceeding $500 or to 3 months imprisonment, with or without hard labour, or to both such fine and imprisonment.