sec.216Restriction on exercise of particular powers by statutory trustees

sec.216 Restriction on exercise of particular powers by statutory trustees

Despite sections 82 and 83 , a statutory trustee may exercise the following powers in relation to the trust property only with the approval of the court— the powers mentioned in section 82 (2) (a) and (c) ; the power mentioned in section 82 (2) (b) , other than to the extent the power is exercised to— lease the trust property at a reasonable rent for a term of not more than 1 year, or from year to year, or for a weekly, monthly or other periodic tenancy, or a tenancy at will; or renew a lease or tenancy mentioned in subparagraph (i) ; the power to vary the terms of a lease of the trust property or accept, or join with any other persons in accepting, the surrender of a lease of the trust property; the powers mentioned in section 83 .

• (a) the powers mentioned in section 82 (2) (a) and (c) ;
• (b) the power mentioned in section 82 (2) (b) , other than to the extent the power is exercised to— (i) lease the trust property at a reasonable rent for a term of not more than 1 year, or from year to year, or for a weekly, monthly or other periodic tenancy, or a tenancy at will; or (ii) renew a lease or tenancy mentioned in subparagraph (i) ;
• (i) lease the trust property at a reasonable rent for a term of not more than 1 year, or from year to year, or for a weekly, monthly or other periodic tenancy, or a tenancy at will; or
• (ii) renew a lease or tenancy mentioned in subparagraph (i) ;
• (c) the power to vary the terms of a lease of the trust property or accept, or join with any other persons in accepting, the surrender of a lease of the trust property;
• (d) the powers mentioned in section 83 .
• (i) lease the trust property at a reasonable rent for a term of not more than 1 year, or from year to year, or for a weekly, monthly or other periodic tenancy, or a tenancy at will; or
• (ii) renew a lease or tenancy mentioned in subparagraph (i) ;