Section 41 Power to lease for ordinary or building or mining or forestry purposes.

A tenant for life may lease the settled land, or any part thereof, or any easement, right, or privilege of any kind over or in relation to the land, for any purpose whatever, whether involving waste or not, for any term not exceeding—

(i)

In case of a building lease, nine hundred and ninety-nine years;

(ii)

In case of a mining lease, one hundred years;

(iii)

In case of a forestry lease, nine hundred and ninety-nine years;

(iv)

In case of any other lease, fifty years.

Notes on Part II

Modifications

C1: Part II saved by Trafalgar Estates Act 1947 (c. 34), s. 2(3) and Leasehold Reform Act 1967 (c. 88), s. 6(4); extended by Forestry Act 1967 (c. 10), s. 5(4), Sch. 2 para. 1