585. Mortgagor landlord.

585.     Mortgagor landlord.

A mortgagor in possession may grant agricultural or occupation leases for any term not exceeding 50 years subject to any contrary intention expressed in the mortgage deed or by a separate document in writing1. However, any power to grant such leases cannot be excluded or restricted in any mortgage of agricultural land made after 1 March 19482 but before 1 September 19953 nor where a mortgage is made on or after 1 September 1995 but4 the lease is governed by the Agricultural Holdings Act 19865.