48Power of guardians of minors to surrender and renew leases by order of Court

### 48 Power of guardians of minors to surrender and renew leases by order of Court > *\[Section 48 Inserted by 26 Geo. V No. 97, s. 3 \]* > > > (1)  Where any infant is entitled to any lease made or granted for the life of any person, or for any term of years, either absolute or determinable upon the death of any person or otherwise, such infant, or his guardian, or other person on his behalf, may apply to the Court, in a summary way; and by the order and direction of the Court such infant, or his guardian, or any person appointed in the place of such infant by the Court may, by deed, surrender such lease, and accept and take, in the place and for the benefit of such infant, a new lease of the premises comprised in such lease so surrendered for and during such number of lives, or for such term of years determinable upon such number of lives, or for such term of years absolute, as was mentioned or contained in the lease so surrendered at the making thereof, or otherwise as the Court shall direct. > > > (2)  Every sum of money and other consideration paid by any guardian or other person as or in the nature of a fine, premium, or income for the renewal of any such lease, and all reasonable charges incident thereto, shall be paid out of the estate or effects of the infant for whose benefit the lease shall be renewed, or shall be a charge upon the leasehold premises, together with interest for the same, as the Court shall direct. > > > (3)  Every lease to be renewed as aforesaid shall operate and be to the same uses, and be liable to the same trusts, charges, incumbrances, dispositions, devises, and conditions as the lease to be surrendered would have been subject to in case such surrender had not been made.