117. Partnership land and tenancies.

Partners cannot grant a lease to themselves alone in circumstances where to do so would create a complete identity between the landlord and the tenants of the land in question1; but, where some partners are and some are not the owners of the land in question, the owning partners may grant a lease to themselves and the other, non-owning, partners2, provided that the lease is in writing and complies with all the relevant statutory requirements. Where no such lease has been effected, merely a non-exclusive licence to occupy the premises from which the firm effects business will be inferred