583. Landlord with limited interest.

583.     Landlord with limited interest.

The landlord1 of an agricultural holding2 may give any consent or enter into any agreement which he could have done as a freeholder, or, where his interest is an interest in a leasehold, as if he were entitled to the leasehold, even though he has a more limited interest in the land3.

Specified improvements4 are deemed to be improvements authorised by the Settled Land Act 1925, 5and where capital money is applied for such improvements, the money so expended will not have to be repaid out of income6.

Capital money may also be applied