68Leases by tenants for life of settled estates

#### 68 Leases by tenants for life of settled estates 68 Leases by tenants for life of settled estates > > (1) Any of the following persons, that is to say: > > > > > (a) A person entitled either in his own right or in right of his wife to the possession or to the receipt of the rents and profits of any settled estates: > > > > > > > (i) for an estate for any life, or > > > > > > > (ii) for a term of years determinable with any life or lives, or > > > > > > > (iii) for any greater estate, > > > > > > (unless the settlement expressly declares that such person may not make such demise), and > > > > > (b) A person entitled to the possession or to the receipt of the rents and profits of any unsettled estates: > > > > > > > (i) as tenant in tail after possibility of issue extinct, or > > > > > > > (ii) as tenant by the courtesy, or > > > > > > > (iii) in right of a wife who is seised in fee, may, without any application to the Court, demise the same or any part thereof from time to time for any term not exceeding ten years, to take effect in possession at or within one year next after the making thereof. > > > (2) Every such demise shall be made by deed, and the best rent that can reasonably be obtained shall be thereby reserved without any fine or other benefit in the nature of a fine, which rent shall be incident to the immediate reversion. > > > (3) Such demise shall not be made without impeachment of waste, and shall contain a covenant for payment of the rent, and such other usual and proper covenants as the lessor thinks fit, and also a condition of re-entry on non-payment of the rent for a period of twenty-eight days after it becomes due, or for some less period to be specified in that behalf. > > > (4) A counterpart of every deed of lease shall be executed by the lessee. > > **s 68:** Am 1901 No 37, sec 4.