The leases authorised by the statutory power1 are agricultural2 or occupation3 leases for any term not exceeding 50 years, and building leases4 for any term not exceeding 999 years5. In the case of a mortgage6 of leasehold land7, a lease granted under the statutory power must reserve a reversion of not less than one day8. Every such lease must be made to take effect in possession not later than 12 months after its date9. It must not be
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234