Section 10Part 3 — Leases
Regulations respecting leases generally
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Every lease shall be by deed, and be made to take effect in possession not later than twelve months after its date.
Every lease shall reserve the best rent that can reasonably be obtained, regard being had to any fine taken, and to any money laid out or to be laid out for the benefit of the settled land, and generally to the circumstances of the case.
Every lease shall contain a covenant by the lessee for payment of the rent, and a condition of re-entry on the rent not being paid within a time therein specified not exceeding thirty days.
Every lease shall be executed by the lessor and the lessee, and shall be recorded in the Record Office within six months of its execution.
A statement, contained in a lease or in an indorsement thereof, signed by the tenant for life, respecting any matter of fact, or of calculation under this Law in relation to the lease, shall, in favour of the lessee and of those claiming under him, be sufficient evidence of the matter stated.
Defined Terms
leasedeedrentlesseelessorRecord Officecovenantre-entryfine