LeasesS+N.I.

7 Provision as to leases for 21 years.S+N.I.

A lease for a term not exceeding twenty-one years at the best rent that can be reasonably obtained without fine, and whereby the lessee is not exempted from punishment for waste, may be made by a tenant for life—

(i)Without any notice of an intention to make the same having been given under section forty-five of the M1Act of 1882; and

(ii)Notwithstanding that there are no trustees of the settlement for the purposes of the Settled Land Acts, 1882 to 1890; and

(iii)By any writing under hand only containing an agreement instead of a covenant by the lessee for payment of rent in cases where the term does not extend beyond three years from the date of the writing.