Duchy of Cornwall Management Act 1863

21 Power to grant Leases for 31 Years, without Fine.

It shall be lawful for the Duke of Cornwall, by Deed under the Seal of the Duchy of Cornwall, to demise or grant any Manors Messuages, Parks, Lands, Tenements, or Hereditaments for the Time being, Parcel of the Possessions of the Duchy of Cornwall, (including Mines and Quarries, whether opened or not, with Power to the Grantee to work, get, carry away, and dispose of the Minerals found therein, and to do all Acts necessary or expedient for working, getting, carrying away, and disposing of the same Minerals, or any of them,) for any Term or Number of Years not exceeding Thirty-one Year's in possession, but not in reversion, so that upon every such Demise, where the Subject Matter thereof shall consist of Land or Property other than Mines or Minerals, there shall be reserved the full and fair annual Rent of the Property to be comprised therein, to be incident to the immediate Reversion of or in the Premises to be thereby demised without taking any Fine or Consideration in the Nature of a Fine for the granting thereof; and where the Subject Matter of such Demise or Grant shall be Mines or Minerals, that then upon every such Demise or Grant there shall be reserved a reasonable Amount of Rent, Royalty, Dues, Toll, or Dish, without taking any Fine or Consideration in the Nature of a Fine for the granting thereof.