Section VII Leases shall not be in Reversion, &c. nor for more than 40 Years; nor Exchanges without Equivalents.
England and Wales
Provided alwaye That no Leasse shalbe permitted to bee made by force of this Acte in Reversion, nor without reserving the accustomed yeerely Rent at the leaste, nor without chardging the Lessee with the Reparations, nor for longer Tearme then fourtie yeeres at the most; nor any Houses shalbee permitted to bee aliened, unlesse that in Recompence thereof there shalbe afore, with, or presently after such Alienation, good lawfull and sufficient Assurance made in Fee simple absolutely to such Colledges Houses Bodyes Politique or Corporate, and their successours, of Landes of as good value, and of as greate yerely value at the leaste as so shalbee aliened; Any Statute to the contrary notwithstanding.
Notes on the whole Act
Textual amendments
- F1
Act repealed (19.11.1998) by 1998 c. 43, s. 1(1), Sch. 1 Pt. II Group 1