95. Leases for term not exceeding three years.

A lease taking effect in possession for a term not exceeding three years (whether or not the lessee is given power to extend the term) at the best rent which can be reasonably obtained without taking a fine1, may be made either orally2, or by writing under hand only3. For this purpose, the term is taken as not exceeding three years if at the time of the agreement it may last for less than that period, although it may also last for more