Duchy of Lancaster Act 1817

XI The Commissioners under the New street Act enabled to make Leases in Exchange for other Leasehold Property.

And whereas an [53 G. 3. c. 121.] Act was passed in the Fifty-third Year of the Reign of His present Majesty, intituled An Act for making a more convenient Communication from Mary-le-bone Park, and the Northern Parts of the Metropolis in the Parish of Saint Mary-le-bone, to Charing-Cross, within the Liberty of Westminster; and for making a more convenient Sewage for the same; by which said Act the Commissioners thereby appointed were empowered, amongst other Things, by and with the Consent and Approbation in Writing of the said Lord High Treasurer or Commissioners of the Treasury, or any Three or more of them, to convey in Exchange all or any Part of the Houses, Buildings, Lands, Tenements, and Hereditaments of or belonging to His Majesty, His Heirs and Successors, situate within any or either of the Parishes through which the said Streets and Places respectively to be erected and built, altered, flopped up, repaired, or improved, under or by virtue of that Act, extend, in lieu of and in Exchange for any other Houses, Buildings, Lands, Tenements, and Hereditaments which should be wanted for the Purposes of that AQ : and also to demise or Lease, or previous to any such Demise of Lease to enter into any Contract or Agreement for the demising or leafing, with such Consent and Approbation as aforesaid, all or any Part of the Houses, Buildings, Lands, Tenements, and Hereditaments to be Purchased, erected, built, altered, repaired, and improved under or by virtue of that Act, for any Term or Terms of Years not exceeding Ninety-nine Years from the making thereof, at such Rent or Rents, and under such Covenants, Conditions, Clauses, and Restrictions, and in such Manner as the said Commissioners for executing that Act should from Time to Time, with such Consent and Approbation as aforesaid, judge proper and think most advantageous, and to receive and take any Fine or Fines for granting such Leases, and to apply all such Fines to the Purposes of that Act: And whereas Doubts have arisen whether under the Authorities thereby granted, the said Commissioners have Power of granting Leases in Exchange for other Leasehold Property ; which Doubts it is expedient should be removed; and it is likewise expedient that the leafing Power contained in the said last-recited Act and in this Act should be extended so as to comprize the Plot of Ground herein-after described, and the Buildings erected or to be erected thereon ; be it therefore further enacted, That it shall and may be lawful for the Commissioners for the Time being for carrying the said last-mentioned Act into Execution, by and with the Consent in Writing of the Lord High Treasurer or Commissioners of the Treasury for the Time being, or any Three or more of them, to demise or Lease, or previous to any Demise or Lease to enter into any Contract or Agreement for the demising or leafing, all or any Part of the Houses, Buildings, Lands, Tenements, and Hereditaments of or belonging to His Majesty, His Heirs or Successors, situate within any or either of the Parishes through which the said Streets and Places respectively to be erected and built, altered, flopped up, repaired, or improved, under or by virtue of the said last-mentioned Act, do extend, to any Person or Persons for any Term of Years not exceeding Ninety-nine Years from the making thereof, at such Rent or Rents, and under such Covenants, Conditions, Clauses, and Restrictions, and in such Manner as the said Commissioners for the Time being for executing the said last-mentioned Act shall from Time to Time, with such Consent and Approbation as aforesaid, judge proper, either wholly or in Part, in lieu of or in Exchange for any Lease Or Leases, Assignment or Assignments, of any other Houses, Buildings, Lands, Tenements, or Hereditaments which shall be wanted for the Purposes of the said Act, and in which said Houses, Buildings, Lands, Tenements, and Hereditaments so wanted, the Person or Persons treating for such Exchange may have only a Leasehold or some other limited Interest.