584. Leases required to be at best rent.

584.     Leases required to be at best rent.

Limited owners, such as a tenant for life, are sometimes required by an Act1, deed or other instrument authorising a tenancy to be made, to ensure that they obtain the best rent. In the case of an agricultural holding2 let under the provisions of the Agricultural Holdings Act 1986, in establishing rent, or a reservation in the nature of a rent, it is not necessary to take into account against the tenant3 any increase in the value of the holding arising from any improvements made or